Microsoft to announce fiscal Q1 earnings as AI revenue remains top of mind

Published On Oct 30, 2024, 8:16 AM

Microsoft is preparing to report its fiscal Q1 earnings, which analysts anticipate will reveal significant insights on its investments in artificial intelligence (AI) and related technologies. A projected earnings per share (EPS) of $3.10 is expected on revenues of $64.5 billion, which would mark a substantial year-over-year increase. Investors are particularly focused on the company’s cloud computing revenues, driven by its Azure platform and integrations with OpenAI. However, Microsoft faces notable competition from Amazon, Google, and others in the AI space. Despite a year-to-date stock increase of about 30%, Microsoft's growth lagged behind the broader market. The upcoming earnings report will include changes to its reporting segments to provide clearer insights into revenue generation in key areas, particularly cloud services.