Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growth – Yahoo Finance
Microsoft (MSFT) will report its quarterly earnings after the closing bell on Tuesday, as Wall Street looks for signs that its deep investments in artificial intelligence are bolstering the company’s all-important Azure cloud computing segment.
Microsoft reported yet another sequential decline in Azure growth in the fourth quarter, but analysts are expecting the company to turn that around in the first quarter.
Revenue for the period is expected to come in at $54.5 billion, a nearly 9% year-over-year increase versus Microsoft’s performance in the same quarter last year, according to data compiled by Bloomberg. Analysts are looking for adjusted earnings per share (EPS) of $2.66, up from $2.35 in Q1 2023.
Microsoft has made AI a cornerstone of its business over the last year, announcing a massive $10 billion investment in ChatGPT developer OpenAI and unveiling generative AI-enhanced versions of its Bing search engine and Edge browser in February.
Since then the company has launched…
The post Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growth – Yahoo Finance first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/10/23/microsoft-q1-earnings-preview-wall-street-looks-for-signs-of-ai-powered-growth-yahoo-finance_2023102351688.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.