Microsoft set to report earnings after the bell

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Microsoft added artificial intelligence talent through a deal with startup Inflection in the quarter, as it worked to sell a productivity chatbot to clients.

The company started selling its Copilot artificial intelligence add-on for small businesses with subscriptions to Microsoft 365 productivity software during the quarter.This would imply 15.0% year-over-year revenue growth, slightly higher than the 14.5% forecast that management gave in January. Analysts bumped their projections after technology industry researcher Gartner estimated that PC shipments increased 0.9% in the quarter.

Analysts polled by CNBC expect growth from Azure cloud services to slow to 28.8% from 30% in the previous quarter. The StreetAccount consensus for Azure growth is 28.6%.with Microsoft 365 productivity software subscriptions and hired Mustafa Suleyman, co-founder of artificial intelligence lab DeepMind, to run a new Microsoft AI group. Suleyman had been co-founder and CEO of startup Inflection, and many of its employees also joined Microsoft.

"We have been operating with speed and intensity and this infusion of new talent will enable us to accelerate our pace yet again," CEO Satya Nadella wrote in This marks the first full quarter for sales of the Copilot add-on for commercial Microsoft 365 customers. In a note on Sunday, analysts at Piper Sandler warned clients not to expect many financial details from Microsoft.Executives will go over the results and issue guidance on a conference call with analysts starting at 5:30 p.m. ET.

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