Today is the day for Microsoft’s Q4 2017 earnings reports, and investors are holding hopes for big numbers while Microsoft rides an all-time high of its current $74 share price.
The tech giant has had a decline in revenue as it branched out, but the massive cuts worldwide have also marked major dollar signs for Microsoft. Investing.com reports that because they’ve let go of employees, Microsoft profit has risen from $4 billion to $6.5 billion.
Even then, its personal computing market has been bleeding revenue over the last two year. With only a 12% increase in productivity software, it’s actually Microsoft Azure that has the shares soaring at a high. Last earnings report, Microsoft announced approximately 100% revenue growth for Azure
The cloud is exactly where investors are expecting the biggest numbers. The Street is expecting $24.3 billion in revenue for the quarter thanks to Azure with a predicted $7.3 billion sales increase. Productivity software is estimated to see an 8.4 billion rise as well.
Stay tuned to OnMSFT.com throughout the day as we bring you the latest from Microsoft’s earnings reports.