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LIVE: Microsoft earnings (MSFT)
Microsoft will report fiscal Q2 earnings after the bell on Wednesday.
Satya Nadella Microsoft
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Microsoft is set to report fiscal second-quarter earnings at market close on Wednesday.
Here's what Wall Street is expecting:
- Revenue: $35.67 billion
- Earnings per share: $1.32 per share
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Analysts are once again watching for continued growth in Microsoft's cloud business, particular after the company scored a $10 billion Pentagon cloud computing contract over market-leading Amazon Web Services.
The deal was perhaps the biggest development in Microsoft's cloud business since its last earnings report in October, although AWS is challenging that decision based on alleged political interference .
Meanwhile, Goldman Sachs and Morgan Stanley expect Microsoft's cloud business to make big gains in the coming years based on surveys of large-company chief information officers, a common method that financial firms use to predict where companies plan to spend their money when it comes to enterprise technologies such as cloud computing.
We'll be reporting the earnings live, so refresh for updates.
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See Also:
- Microsoft's top healthcare exec says one of CEO Satya Nadella's biggest innovations was to 'violate the horizontal nature of Microsoft' and go after more specific customers
- Microsoft categorizes partnerships into 'horizons' based on how ambitious they are from 'bread and butter' to 'change the game'
- The president of Microsoft says it took its bid for the $10 billion JEDI cloud deal as an opportunity to improve its tech and that's why it beat Amazon
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