Microsoft

Microsoft Reports Q2 EPS of $2.93 on Revenue of $62 Billion, Vs CIQ Analyst Consensus of $2.77/Share on Revenue of $61.1 Billion。

By Emily Bary CEO says AI is helping the company win new customers Microsoft Corp. posted beats across the board with its latest results Tuesday afternoon, calling out momentum in the cloud and traction with artificial intelligence. Microsoft’s (MSFT) Azure and other cloud-services businesses posted revenue growth of 28% on a constant-currency basis in the fiscal second quarter. Analysts expected Azure constant-currency revenue growth of 27% for the period. Overall, Microsoft recorded $62.0 billion in revenue for its latest quarter, up from $52.7 billion a year earlier. Analysts were modeling $61.1 billion. “By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector,” Chief Executive Satya Nadella said in a release. The company generated $19.2 billion in revenue from its productivity and business-processes segment, which houses Office. Analysts were modeling $18.6 billion. Intelligent cloud revenue was

Microsoft Q2 Intelligent Cloud Revenue at $25.9 Billion Vs Visible Alpha Analyst Consensus of $25.3 Billion。

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 10.54% Wedbush → $450 Reiterates Outperform → Outperform 01/25/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/23/2024 47.39% Truist Securities → $600 Reiterates Buy → Buy 01/18/2024 15.7% Exane BNP Paribas → $471 Upgrades Neutral → Outperform 01/12/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/09/2024 3.17% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 11.77% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 10.54% Wedbush $425 → $450 Maintains Outperform 12/15/2023 10.54% Mizuho $420 → $450 Maintains Buy 12/13/2023 47.39% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 5.63% Argus Research $390 → $430 Maintains Buy 12/05/2023 14.47% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 16.68% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 3.17% Mizuho $420 → $420 Reiterates Buy

Microsoft (MSFT) is likely to surpass market estimates for its fiscal second quarter this week, with the technology giant’s financial results a “key barometer” for the pace of artificial intelligence spending, according to Wedbush Securities. The brokerage forecasts the company to post earnings and revenue above the Street’s view of $2.77 per share and $61.13 billion for the December quarter. Investors’ attention will be on the growth of cloud-computing platform Azure, given the activity levels seen during the period from core Microsoft customers heading to the cloud, Wedbush said in a Sunday client note. Customer conversation rates around the Copilot chatbot will also be on investor focus during the earnings call by senior management, as well as early deal sizes and the pace of AI use cases on Azure heading into the next 12 to 18 months. Wedbush anticipates “some conservatism around guidance,” as the Street is aware of the

Microsoft (MSFT) is slated to report its Q2 results in the after-hours session Tuesday, Jan. 30, and analysts polled by Capital IQ are expecting the company to report a profit of $2.77 per share on revenue of $61 billion.

Microsoft is in the early stages of infusing OpenAI’s technology into all of its offerings. How much will it make from AI, and how long will it take to do so? By Andy Serwer Last week at the World Economic Forum’s annual meeting in the rarefied Swiss air of Davos, a select group of swells were packed into a converted storefront listening, rapt, to Microsoft CEO Satya Nadella and his high-profile partner Sam Altman, CEO of mega start-up OpenAI, when the discussion took a “get real” turn. Nadella, the establishment figure, dressed casually in gray slacks and a sweater, and Altman, the disrupter, wearing a suit, were talking about the great promise of generative artificial intelligence — this year’s “it” topic at Davos — and how it will vastly improve the lot of humanity. That is, until the moderator steered the conversation in a commercial direction. “Do you guys make

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/25/2024 13% Piper Sandler → $455 Reiterates Overweight → Overweight 01/23/2024 49.01% Truist Securities → $600 Reiterates Buy → Buy 01/18/2024 16.98% Exane BNP Paribas → $471 Upgrades Neutral → Outperform 01/12/2024 13% Piper Sandler → $455 Reiterates Overweight → Overweight 01/09/2024 4.31% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 13% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 11.76% Wedbush $425 → $450 Maintains Outperform 12/15/2023 11.76% Mizuho $420 → $450 Maintains Buy 12/13/2023 49.01% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 6.79% Argus Research $390 → $430 Maintains Buy 12/05/2023 15.73% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 17.97% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 4.31% Mizuho $420 → $420 Reiterates Buy → Buy 11/24/2023 -3.14% RBC Capital $390 → $390

Piper Sandler analyst Brent Bracelin reiterates Microsoft (NASDAQ:MSFT) with a Overweight and maintains $455 price target.

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/23/2024 50.83% Truist Securities → $600 Reiterates Buy → Buy 01/18/2024 18.4% Exane BNP Paribas → $471 Upgrades Neutral → Outperform 01/12/2024 14.38% Piper Sandler → $455 Reiterates Overweight → Overweight 01/09/2024 5.58% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 14.38% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 13.12% Wedbush $425 → $450 Maintains Outperform 12/15/2023 13.12% Mizuho $420 → $450 Maintains Buy 12/13/2023 50.83% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 8.09% Argus Research $390 → $430 Maintains Buy 12/05/2023 17.14% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 19.4% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 5.58% Mizuho $420 → $420 Reiterates Buy → Buy 11/24/2023 -1.96% RBC Capital $390 → $390 Reiterates Outperform → Outperform 11/22/2023 6.83% Wedbush → $425 Reiterates

Microsoft’s (MSFT) fiscal Q2 earnings are expected to benefit from the continued strength of Azure and M365, offset by weaker PC shipments, BofA Securities said in a note to clients Thursday. Microsoft is set to release its fiscal Q2 results after market close on Jan. 30. BofA said it expects an upside of 1% in constant currency to its Q2 revenue forecast of $60.9 billion, with currency anticipated to give a 2% point tailwind to Q2 growth compared with projections of 1% heading into the period. “Accelerating [average selling price] growth from M365 Copilot attach is likely to drive Office growth toward 20%,” BofA said. For Azure, the firm said it expects a 1% upside to its estimated growth of 26.5% in constant currency amid feedback suggesting “healthy continued migration of new workloads” and “sustaining adoption of the Microsoft security stack.” “In summary, we expect total revenue growth to accelerate

The recent survey by PwC revealed at the World Economic Forum in Davos, Switzerland, indicates a significant impact of generative AI on global employment and business strategies. According to the survey, 25% of global CEOs anticipate at least a 5% reduction in workforce due to AI deployment, particularly in the media, entertainment, banking, insurance, and logistics sectors. Conversely, engineering, construction, and technology sectors expect minimal job cuts from automation, the Financial Times reports. Generative AI, capable of rapidly producing human-like text, images, and code, is predicted to enhance profitability for 46% of businesses within a year, the report said. However, nearly half of the respondents foresee minimal impact from this technology. The survey, which involved 4,702 company chiefs from 105 countries, underscores AI’s significant economic and societal influence. Key figures in AI, such as OpenAI’s Sam Altman and Microsoft Corp’s (NASDAQ:MSFT) Satya Nadella, are expected to discuss these topics at the forum. While AI promises increased