Msft Earnings

Microsoft to Report Earnings After Market Close on 04/25/2024

Strong Cloud Performance Fuels MSFT's Q2 Results

Quarterly Earnings Preview

Microsoft Corporation (MSFT) is scheduled to release its fiscal second-quarter earnings report on Wednesday, 04/25/2024, after the market closes. Analysts expect the tech giant to post strong financial results, driven by continued growth in its cloud computing business.

According to consensus estimates, Microsoft is projected to earn $2.81 per share for the quarter, representing a 14.7% increase from the same period last year. Revenue is forecasted to climb by approximately 12% year-over-year, reaching $49.53 billion.

Cloud Momentum Continues

Microsoft's cloud computing division, Azure, has been a major catalyst for its recent financial success. Azure's revenue grew by 38% year-over-year in the previous quarter, driven by increased adoption of cloud-based services by businesses and organizations worldwide.

Analysts expect the cloud growth momentum to continue in Q2, with Azure revenue likely to account for a significant portion of Microsoft's overall earnings. Additionally, the company's other key business segments, including Windows, Office, and gaming, are also expected to contribute to its strong financial performance.

Historical Performance and Outlook

In the last reported quarter, Microsoft exceeded analysts' estimates, posting earnings of $2.93 per share on revenue of $49.4 billion. The company's cloud strength was evident, with Azure revenue growing by 38%. Microsoft's strong financial performance has consistently outpaced its competitors and has led to a steady increase in its stock price over the past year.