Microsoft (MSFT) is slated to produce third quarter result tonight after the bell with a conference call scheduled for 5:30 p.m. ET.
The current Capital IQ Consensus Estimate calls for Q3 EPS of $1.00 (vs $0.95 a year ago) on revenue growth of about 11.3% to $29.86 billion.
On last quarter's call management guided for Q3 revenues between $29.4-30.1 billion.
Last quarter Microsoft reported slowing growth at Azure (cloud), with sales up 76% vs 98% in the yr/yr period.
Microsoft competes in the cloud space with Amazon's (AMZN) AWS, Google (GOOGL) Cloud Platform, and IBM (IBM) Cloud.
Microsoft has a $960 billion market cap and trades at around 27.3x forward earnings
Microsoft beats by $0.14, beats on revs; guides on call at 5:30pm ET
Reports Q3 (Mar) earnings of $1.14 per share, $0.14 better than the S&P Capital IQ Consensus of $1.00; revenues rose 14.0% year/year to $30.57 bln vs the $29.86 bln S&P Capital IQ Consensus.
Co says demand for its cloud offerings drove commercial cloud revenue to $9.6 bln, up 41% yr/yr.
Revenue in Intelligent Cloud was up 22% to $9.7 bln; Productivity and Business Processes revenue rose 14% to $10.2 bln; More Personal Computing rose 8% yr/yr to $10.7 bln.
Business Outlook: Microsoft will provide guidance on its earnings conference call and webcast, which starts at 5:30pm ET.
Courtesy of briefing.com
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