Microsoft set to report earnings after market close

cuts last week, he noted that clients in every industry around the world have taken a more cautious approach because of recession concerns.

The growth engine of Microsoft's Intelligent Cloud unit is the Azure public cloud. In October, executives said the company's engineers were busy helping customers be more efficient with their Azure infrastructure services. Last week Nadella wrote that "we're now seeing them optimize their digital spend to do more with less."

The third unit, Productivity and Business Processes, contains the Microsoft 365 productivity suite formerly known as Office. In recent days some analysts have said they expect slower growth in seats purchased by business customers.

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