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Microsoft will release its earnings report after hours, disclosing Azure's dollar revenue for the first time.
Microsoft will report its earnings after market close on Wednesday ET, disclosing Azure cloud revenue in USD for the first time. Analysts expect Azure revenue to reach $32.32 billion, a year-over-year increase of over 44%. Microsoft has invested heavily in expanding its AI infrastructure capabilities and has announced 4,800 layoffs while offering buyouts to up to 60,000 employees. Analysts project capital expenditures and finance leases to reach $50.67 billion this quarter. The earnings call will be held at 5:30 PM ET.
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