Microsoft's (MSFT) Azure Cloud Prowess to Boost Q3 Earnings [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
For the fiscal third quarter, Microsoft expects Intelligent Cloud revenues (Azure falls under the segment) between $26 billion and $26.3 billion. Our model estimate for Intelligent Cloud revenues is currently pegged at $26.01 billion, indicating 17.8% growth from the figure reported in the year-ago quarter. Microsoft Corporation Price and EPS Surprise Microsoft Corporation price-eps-surprise | Microsoft Corporation Quote Azure's Continued Growth to Propel MSFT's Top Line in Q3 Microsoft is witnessing robust demand for its cloud infrastructure monitoring, web-based application performance management and human capital management solutions. This demand is fueled by the increasing migration of workloads to the cloud. During the fiscal second quarter, Azure and other cloud services revenues grew 30% (up 28% at cc), including roughly 6 points from AI services, which was higher than the previous quarter's 29% (28% at cc). In Azure, Microsoft expects revenue growth at cc to remai
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