Microsoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday.
Here’s what analysts polled by LSEG are looking for:
- Earnings per share: $2.93
- Revenue: $64.39 billion
Microsoft is expected to show revenue growth of about 15% from $56.2 billion a year earlier, following expansion of 17% in the prior quarter. Google parent Alphabet reported last week that growth slowed in the quarter as YouTube ad revenue came up short of expectations.
Microsoft is likely to find its strongest growth in cloud computing. Analysts surveyed by CNBC and StreetAccount expect revenue growth of 30% from Azure and other cloud services, a slight decline from 31% in the previous quarter. Microsoft doesn’t disclose Azure revenue in dollars.
Analysts at Evercore ISI, who have a buy rating on Microsoft shares, wrote in a note last week that they expect 7.8 points of Azure’s growth to come from artificial intelligence services, up from 7 points in the fiscal third quarter.
An improvement …