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LIVE: Here comes Microsoft earnings

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Microsoft is within striking distance of a $1 trillion market cap, making its quarterly earnings more important than ever.

As ever, Wall Street will be looking for strong growth in Microsoft's cloud businesses, including the Microsoft Azure cloud computing platform and the Office 365 productivity suite. These cloud products have become vital to Microsoft's business as the market for Windows PCs continues to shrink.

Here's what Wall Street is expecting to see from Microsoft in its quarterly report, according to analysts polled by Bloomberg:$7.73 billion, up 4.2% year-over-year.Get the latest Microsoft stock price

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