LIVE: Microsoft earnings

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LIVE: Microsoft earnings

Satya Nadella Microsoft

AP Photo/Mark Lennihan

Microsoft CEO Satya Nadella.

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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

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.

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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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