In late April, CEO Satya Nadella highlighted Microsoft's market share gains in diverse areas such as gaming, personal computing, and digital work messaging. "We are expanding our opportunity," Nadella said. Executives also noted surprisingly strong demand for its cloud platform, which competes with rivals includingAmazon.
Investors are bracing for a potentially less bullish outlook for the coming year. Demand is shifting away from areas like video communication and gaming as consumers emerge from COVID-19 social-distancing efforts.
Microsoft is likely to achieve global sales growth of around 18% in the fiscal year that just closed. Heading into Tuesday's announcement, most investors expect those gains to moderate to about 14% in fiscal 2023. Earnings are projected to climb to about $11 per share from $9.30 per share.
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