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Microsoft now expects current quarter revenue to be between $86.7 billion to $87.8 billion.
Microsoft's Q4 revenue guidance midpoint is $87.25 billion, below analyst estimates of $87.53 billion.
KEY POINTS
- Azure's year-on-year growth was 39%, just barely surpassing analyst expectations of 38%.
- Microsoft's operating margin is projected to decline to 44%, below consensus of 44.6%.
- Company's capex was $31.9 billion, rising 49% YoY but below analyst forecast of $34.9 billion.
- Microsoft's AI business achieved a $37 billion annual run-rate, doubling year-over-year.
COMPANIES
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