[ad_1]
microsoftMSFT’s results for the first quarter of fiscal year 2023, due to be reported on October 25, could be boosted by the continued strength of its cloud platform, Azure. The platform is benefiting from the pandemic-driven digital transformation around the world.
For the first quarter of the fiscal year, Microsoft expects Intelligent Cloud (which Azure is a segment of) revenue to be between $20.3 billion and $20.6 billion. Azure revenue growth is likely due to continued strong performance of consumption-based services.
The Zacks Consensus estimate for intelligent cloud revenue is now pegged at $20.4 billion, representing a 20.3% growth from the figure reported in the same period last year.
Microsoft Corporation Pricing and EPS Surprise
Microsoft Corporation Price – eps – Surprise | Microsoft Corporation Quote
Azure drives top-line growth
The increasing migration of workloads to the cloud has increased demand for cloud infrastructure monitoring, web-based application performance management, and human capital management solutions. This has increased demand for Microsoft’s cloud services.
Microsoft’s Azure exists in over 60 regions around the world and is available in 140 countries. The rise of Azure is expected to strengthen the cloud business and give it a competitive edge over its competitors. AmazonThe AMZN Amazon Web Services (AWS) and alphabetGOOGL Google Cloud.
In its last reported quarter, Amazon’s AWS revenue (16% of company sales) grew 33% year-over-year to $19.7 billion. Expanding the AWS service portfolio has helped Amazon maintain its dominance in the cloud domain by attracting more customers.
In Q2 2022, Alphabet posted Google Cloud revenue of $6.3 billion, up 35.6% year-over-year, contributing 9% to quarterly revenue.
Microsoft reported 40% year-over-year revenue growth for its Azure and other cloud services in the fourth quarter of fiscal 2022.
Notable Healthcare Movements
Microsoft is taking initiatives to increase its presence in the healthcare space. The pandemic is driving the digital transformation of healthcare systems.
The Microsoft Cloud for Healthcare Solutions is helping healthcare organizations enhance patient engagement and clinician experience, enhance healthcare team collaboration, and improve clinical and operational insights.
Key first quarter announcements
On August 8, Microsoft announced the following: unity software U selected Azure as their cloud partner for building and operating real-time 3D (RT3D) experiences from the Unity engine.
By providing creators with easy access to RT3D simulation tools and the ability to create digital twins of real-world places and objects, Unity has unlocked the power to create RT3D assets, whether in game or non-game worlds. It provides creators with an easy path.
The partnership between Microsoft and Unity also enables Made with Unity game creators to easily reach players on Windows and Xbox devices, opening up new opportunities for success.
Microsoft currently holds Zacks rank #4 (sales).
A complete list of today’s #1 (Strong Buy) Zachs Stocks can be found here.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Sachs Names ‘Best Single-to-Double Pick’
Out of thousands of stocks, each of our five Zacks experts picked their favorites to surge +100% or more in the coming months. Out of these five, research director Heraz Mian chose her one with the most explosive advantages.
A little-known chemical company, up 65% from last year, but still cheap. With relentless demand, his skyrocketing earnings forecast for 2022, and a $1.5 billion stock buyback, retail investors are ready to jump in.
The company matches or beats other stocks set at a recent Zachs double like Boston Beer Company, which surged +143.0% in less than nine months, and NVIDIA, which surged +175.9% in a year. may exceed.Up
Want the latest recommendations from Zacks Investment Research? Download today the 7 Best Stocks of the Next 30 Days.Click to get this free report
Amazon.com, Inc. (AMZN): Free Inventory Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Inventory Analysis Report
Unity Software Inc. (U): Free Stock Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
[ad_2]
Source link
