Microsoft earnings: Cloud growth and capex numbers in focus for Q2
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Microsoft is set to report its fiscal Q2 results, with analysts expecting adjusted earnings per share of $3.97 and revenue of $80.27 billion, indicating a 15% year-over-year growth. Attention will be on Azure's growth, projected at around 39.4%, following a 40% increase in Q1. Microsoft plans to raise prices for Office subscriptions and has committed $250 billion to Azure with OpenAI. The company anticipates $34.31 billion in capital expenditures, a 52% increase. Microsoft stock has declined 10% in the past three months, contrasting with a 1% gain in the S&P 500.
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