Microsoft (MSFT) CFO says sees Q3 product revenue between USD 15.6bln-15.8bln and expects Azure revenue growth to increase significantly, guides Q3 rev. USD 48.5bln-49.3bln (implied) vs exp. USD 47.7bln
Says:
- Strong PC shipment will help Windows OEM and expects high single-digit growth.
- Sees Q3 more personal computing revenue of USD 14.15bln-14.45bln.
- Sees Q3 intelligent cloud revenue USD 18.75bln-19.0bln.
- Console sales to continue to be impacted by supply chain issues.
Reaction details (23:15)
- Microsoft shares pared after-hour losses and are now higher by 1.7%.
Analysis details (23:15)
Microsoft had been trading lower in extended trade after reporting its Q2 numbers, despite top- and bottom-line beats. Recap of the initial release can be found here.
25 Jan 2022 - 23:09- Equities- Source: Newswires
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