LIVE: Here comes Microsoft earnings
Microsoft is expected to announce its earnings for the most recent quarter on Wednesday after the closing bell.
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.The results, for Microsoft's fiscal Q3 quarter, come at a critical time, too: Microsoft is inching ever-closer to achieving a market cap of $1 trillion, with a valuation of about $960 billion before the market closed on Wednesday.
Here's what Wall Street is expecting to see from Microsoft in its quarterly report, according to analysts polled by Bloomberg:
- Revenue: $29.86 billion, up 11.3%, year-over-year.
- EPS (GAAP): $1 per share.
- Net income: $7.73 billion, up 4.2% year-over-year.
We'll be updating live as the results come out, so refresh your browser or click here for updates.
Get the latest Microsoft stock price here.