Microsoft Q1 Earnings Preview: Analyst Estimates, Video Game Update, Artificial Intelligence Opportunity
Portfolio Pulse from Chris Katje
Microsoft Corp (NASDAQ:MSFT) is set to report Q1 financial results, with analysts estimating a revenue of $54.50 billion and earnings per share of $2.65. Analysts from Raymond James and Citigroup have expressed positive sentiment towards Microsoft due to its investments in artificial intelligence (AI), with price targets of $400 and $430 respectively. The company's cloud business, Azure, is expected to see a 26% YoY increase due to strong demand for AI services. Microsoft's recent acquisition of Activision Blizzard for $69 billion, the largest in its history, is also expected to have a significant impact.
October 23, 2023 | 4:02 pm
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Microsoft is expected to report strong Q1 results, with analysts bullish on the company due to its investments in AI. The company's Azure business is expected to see significant growth, and its recent acquisition of Activision Blizzard is also expected to have a significant impact.
Analysts are bullish on Microsoft due to its investments in AI, which are expected to drive growth in its Azure business and open up new revenue streams. The company's recent acquisition of Activision Blizzard is also expected to have a significant impact, making it one of the biggest players in the video game space. These factors are likely to have a positive impact on the company's stock price in the short term.
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