Microsoft Sees Q1 Intelligent Cloud Revenue $23.8B - $24.1B; Azure Revenue To Decline 1-2 Points Sequentially; Sees Q1 Productivity And Business Processes Revenue $27.75B - $28.05B, More Personal Computing Revenue $12.25B - $12.65B
Portfolio Pulse from Benzinga Newsdesk
Microsoft projects Q1 Intelligent Cloud revenue between $23.8B and $24.1B, with Azure revenue expected to decline by 1-2 points sequentially. The company also forecasts Q1 Productivity and Business Processes revenue between $27.75B and $28.05B, and More Personal Computing revenue between $12.25B and $12.65B.
August 21, 2024 | 8:14 pm
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Microsoft's Q1 revenue projections show strong performance in Intelligent Cloud and Productivity segments, but a slight sequential decline in Azure revenue. This mixed outlook may influence short-term stock movements.
The revenue projections indicate strong performance in key segments, but the expected decline in Azure revenue could be a concern for investors. This mixed outlook may result in neutral short-term stock movements as investors weigh the positive and negative aspects.
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