From Nasdaq.:

Microsoft is expected to report strong Q2 fiscal 2024 earnings on Jan 30. Intelligent Cloud revenues are projected to be between $21.5 billion and $25.4 billion. Azure is expected to see a 16.8% growth compared to the year-ago quarter, driven by continued demand for cloud infrastructure monitoring and web-based applications.

Microsoft’s Azure cloud platform is expected to continue driving revenue growth, with a projected growth rate of 26-27%. The greater availability of Azure across global regions should strengthen Microsoft’s position in the cloud computing market, although rival platforms like AWS and Google Cloud are also seeing significant revenue growth.

Azure’s expanding customer base and increasing momentum in Azure AI services are contributing to growth. Microsoft leads the generative AI race with Azure AI, providing access to top-tier AI models from OpenAI and other sources, which organizations can use to meet their specific needs.

Microsoft is partnering with Meta Platforms to offer customers more security and choice in the metaverse, and they’re also launching a new strategic partnership with Siemens to drive cross-industry AI adoption. The company is investing heavily in making Azure AI Studio the go-to tool for AI development in the new era. These strategic moves are likely to drive further growth for Microsoft.

Overall, Microsoft’s focus on cloud computing and AI is expected to drive the company’s revenue growth in the coming quarters. As businesses increasingly turn to cloud-based infrastructure and AI solutions, Microsoft’s Azure platform is likely to be a key driver of the company’s growth.



Read more: Strength in Azure Cloud to Aid Microsoft’s (MSFT) Q2 Earnings