Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%
Portfolio Pulse from Benzinga Newsdesk
Microsoft forecasts FY24 revenues across its three main segments: Productivity and Business Processes at $19.9B-$20.2B, Intelligent Cloud at $28.4B-$28.7B, and More Personal Computing at $15.2B-$15.6B. The company also projects COGS at $19.6B-$19.8B, operating expenses at $17.15B-$17.25B, and an effective tax rate of approximately 18%.
April 25, 2024 | 10:41 pm
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Microsoft projects FY24 revenue growth across its segments, with Intelligent Cloud expected to lead. COGS and operating expenses are also forecasted, alongside an 18% effective tax rate.
Microsoft's revenue forecast across its key segments indicates a positive outlook for FY24, suggesting growth and operational efficiency. The detailed financial projections, including COGS and operating expenses, provide a clear picture of expected profitability and operational management. The effective tax rate of 18% is also in line with fiscal planning, all of which contribute to a positive short-term impact on MSFT's stock price.
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