$Microsoft(MSFT.US)Isn't this just telling you to prepare for an earnings bomb next quarter? Last night's earnings reports from tech giants Microsoft and Meta showed strong performance, but future guidance had some flaws.
Microsoft's revenue was $65.5 billion, exceeding expectations of $64.5 billion, up 16% year-over-year versus the expected 15%. EPS was $3.3, beating the expected $3.1 billion. Most importantly, Microsoft's cloud business Azure and other cloud services revenue grew 33%, or 34% excluding currency fluctuations, slightly slower than Q2's 35% growth but still above analysts' expectations of 30.4%. However, during the earnings call, management indicated that cloud business growth would continue to slow next quarter, and Microsoft's capital expenditures would continue to increase, raising market concerns.
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