Microsoft record high ahead of earnings after the US close
Having just recently high $3tln in market value, for the first time, analysts have high expectations for fiscal Q2 earnings at Microsoft driven by artificial intelligence.
The street anticipates earnings per share of $2.29 on revenue of $52.94Bln for its fiscal second quarter. This is to be compared with $2.32 for the same quarter a year ago on revenues of $52.7Bln. During Q1, Microsoft experienced a notable acceleration in its Azure cloud revenue growth, marking a significant shift after two years of slowing momentum. Analysts anticipate this trend to have continued in Q2. Investors are also keen to see what impact the acquisition of Activision Blizzard will have on Microsoft's guidance. The $68.7Bln deal was finalised in mid-October and is expected to be a topic of discussion by Microsoft executives. And of course, there is Open AI and its recent developments. Many analysts see Microsoft as the early winner of the AI race.
(AI Video Summary)
Microsoft's earnings
Microsoft is about to release its earnings report for the second quarter, which will give us a better idea of how the company is doing financially. Recently, the value of Microsoft's shares has been increasing, reaching a milestone of $3 trillion. This is a positive sign for the company.
In the last quarter, Microsoft experienced significant growth in its Azure Cloud revenue, which is a service they offer. This means that more people are using their cloud services, which is important for Microsoft's success. Analysts believe this positive trend will continue for the rest of the year.
Microsoft's acquisition of Activision Blizzard
One thing investors are curious about is the impact of Microsoft's acquisition of Activision Blizzard. This was a big deal worth $68.7 billion, and it was finalized in October. People are interested in how this will affect Microsoft's future and what it means for Activision Blizzard employees.
Microsoft has also been making strides in artificial intelligence (AI) through its open AI initiatives. This has made them a leader in the AI industry. These advancements could have an impact on Microsoft's stock performance. Despite these uncertainties, Microsoft's stock price has been doing incredibly well, reaching an all-time high above $3 trillion.
This means that investors have a lot of confidence in the company and believe it is a good investment. If you are interested in trading Microsoft stocks, you can do so after the closing bell when the company releases its second-quarter results. Microsoft Mechanics is a helpful online resource that provides technical information and updates about the company.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
