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Microsoft to report Q4 earnings as Wall Street looks for continued AI growth [Yahoo! Finance Canada]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Wall Street is looking for the software giant to offer up solid growth in its AI and cloud business as its customers explore further AI use cases. The Windows maker's earnings come a week after Google GOOG GOOGL ) posted better-than-anticipated second quarter results on the strength of its cloud revenue growth, sending shares higher. The company also said it is pouring an additional $10 billion into its AI buildout, bringing the year's total from $75 billion to $85 billion. But investors were unperturbed by the increase and instead focused on CEO Sundar Pichai's commentary indicating that Search volume grew double digits in the quarter. Those results could bode well for Microsoft as investors look toward further AI sales gains. For the quarter, Wall Street is anticipating Microsoft to report adjusted earnings per share (EPS) of $3.37 on revenue of $73.89 billion, according to Bloomberg analyst consensus estimates. The company saw adj. EPS of $2.95 and revenue of $64.72 billion
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