Microsoft (MSFT) provides guidance:
- H2 capex in total remains unchanged from January H2 guidance.
- Q4 revenue rev. seen at 73.3bln-73.4bln (according to calculations) (exp. 72.0bln)
- Q4 capital expenditures expected to increase on a sequential basis.
- Q4 cloud gross margin expected to be 67%, down year-on-year.
- Q4 Intelligent Cloud revenue expected to be USD 28.75bln-29.05bln (exp. 28.52bln).
- Q4 Azure and other cloud services revenue growth expected to be 34% to 35% in constant currency.
- FY 2026 capex expected to grow at a lower rate than FY 2025.
- Majority of Azure outperformance in Q3 was in non-AI business.
30 Apr 2025 - 23:00- ForexImportant- Source: Newswires
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