Microsoft numbers to function barometer of unsure financial system – GeekWire


Microsoft CEO Satya Nadella. (GeekWire file picture)

Will Microsoft exceed 40% progress for its Azure cloud enterprise?

That is how Wall Road will use Tuesday afternoon’s earnings report from Microsoft to gauge not simply the corporate’s outcomes, however future prospects for the broader company tech financial system, an analyst says.

“We consider that with macro storm clouds on the horizon, every little thing can be in focus [Microsoft CEO Satya] Nadella’s feedback and steerage on Azure progress heading into FY23, which we consider lays the road within the sand north of 40% progress, as a barometer of the street heading into FY1Q,” wrote Wedbush- Analyst Daniel Ives in a July 21 notice to shoppers.

Microsoft’s earnings report this week will cowl the interval ended June 30, its fourth quarter of fiscal 2022.

For comparability, Microsoft reported 46% income progress at its Azure enterprise and different cloud providers within the third fiscal quarter,…

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