After Apple stocks traded down 6.6% midday yesterday, it will be interesting to see what Microsoft’s coming earnings report has to offer come end of the day today. Early reports from industry experts are pointing for the Redmond’s company fiscal second quarter to show more of the same of the first quarter.
Analysts surveyed by Thomson Reuters expect the company to earn an adjusted 71 cents a share on $25.25 billion in the second quarter. In the first quarter, which ended on September 30th, Microsoft earned 67 cents per share on 21.66 billion in revenue. This revenue comes mainly from its intelligent cloud unit which rose 8% over the year to $5.9 billion. Microsoft Azure also showed strength in the first quarter, with revenue more than doubling year over year.
The computing side of Microsoft’s businesses, however, saw loses with a 17% drop to 9.4 billion. Reports do nonetheless indicate that investors will be looking for performance in the Azure platform, as well as growth in areas such as Office 365, Windows 10, and Surface.
We’ll have more on Microsoft’s second quarter earnings after they’re released, scheduled for 2:30pm PST.
Further reading: Earnings, Microsoft, report, Stocks