Microsoft Earnings Preview: Azure Growth Key As PC Market Slows

Updated at 12:22 pm EST

Microsoft Corp. (MSFT) – Get Microsoft Corporation Report shares moved lower Tuesday ahead of the tech giant’s third quarter earnings after the close of trading, with investors will likely focus once again on revenue growth rates for Azure, Microsoft’s key cloud computing offering, to offset slowing demand and chip shortages in the global market for personal computers.

Microsoft said in late January that it expected intelligent cloud revenues to rise to between $18.75 billion and $19 billion over the three months ending in March, with Azure revenue growth to be up “sequentially in constant currency, driven by our Azure consumption business, with strong growth on a significant base.”

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