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Getty Images Satya Nadella, CEO of Microsoft, will release its first quarter financial results on Wednesday afternoon. first quarter financial report released Wednesday afternoon
Wall Street expects the software and services giant to record solid results thanks to the continued rapid growth of its Azure cloud computing business and the cloud versions of its Office suite.
Here is what badysts expect:
- First quarter sales figure: $ 27.92 billion, an increase of about 14% over to 24.54 billion posted in the same quarter last year. 95 cents. In the first quarter of last year, the company had earned 84 cents a share.
- Second quarter revenue of the fiscal year: Analysts expect a budget of $ 32.26 billion over the holiday season. During last year's vacation quarter, Microsoft achieved revenue of $ 25.83 billion.
- Q2 Tax Revenue: of $ 1.07. In the second quarter of last year, Microsoft had lost 82 cents per share because of a $ 13.8 billion charge related to the new federal tax law.
At the end of the day, the company's stock was down $ 3.66, or 3.4%, to $ 104.44, with a broader sell-off in tech stocks.
We will update this story with Microsoft's results as soon as they cross the thread, click the Refresh button or click here for the last one.
Microsoft Stock Quotes here.
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