Lates News

Microsoft (MSFT.O) expects Azure's growth to accelerate further in the second fiscal quarter, after the cloud business's growth in the first fiscal quarter accelerated and exceeded the company's own guidance. On a constant-currency basis, Azure revenue is expected to grow 49% to 50% in the second fiscal quarter, compared with 48% growth in the first fiscal quarter. Microsoft expects total second-quarter revenue of $96 billion to $97.1 billion, with the Intelligent Cloud segment at $80.1 billion to $80.7 billion; the More Personal Computing segment, which includes Azure and Microsoft 365, is expected to post revenue of $15.9 billion to $16.4 billion. Analysts surveyed by FactSet currently expect Microsoft's second-quarter revenue to be $95.63 billion. Microsoft also expects second-quarter capital expenditures to exceed $50 billion, underscoring the massive costs required to expand AI infrastructure.