Microsoft’s cloud growth may have slowed down to its lowest rate in five years, amid the challenging economic climate. The tech giant is set to report Q3 earnings of $16.7bn or $2.24 per share, which is almost unchanged from last year. Investors will be closely watching the Intelligent Cloud segment, Microsoft’s largest for the last eight quarters. Despite the slowdown, cloud revenue is projected to increase 15% to $21.9bn. According to Gartner, global spending on cloud services is estimated to rise to $592bn, a 21% surge from 2022.
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Article Name
Microsoft's Earnings May Be Impacted by Slower Cloud Growth
Description
Microsoft’s cloud growth may have slowed down to its lowest rate in five years, amid the challenging economic climate.
Author
Susan Jane
Publisher Name
Investopedia
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