For the quarter that ended June, the Redmond, Wash.-based tech giant is expected to deliver earnings per share of 71 cents on revenue of $24.27 billion, translating to year-over-year growth of 2.9% and 7%, respectively.
For the full year, earnings are projected to rise 8.6% year over year to $3.03 per share, while revenue of $96.24 billion would mark a year-over-year increase of $4.5%.
Fresh of a 11% rise in its Intelligent Cloud business in the fiscal third quarter, during which products and cloud services revenue grew 15%, MSFT stock has been rewarded for CEO Satya Nadella’s cloud-first strategy, which has become a credible threat to Amazon’s (AMZN) dominant AWS cloud platform.
In the third quarter, revenue grew 7.5% year over year, driven by the company’s mobile first/cloud first strategy.
In terms of hardware, Microsoft has also launched multiple devices, particularly in the Surface line, which the company expects will compete with high-end devices from Apple (AAPL).