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Microsoft on verge of reaching $2 trillion market cap milestone following this week’s earnings report

The $2 trillion membership: Microsoft might quickly be part of Apple and Saudi Aramco amongst corporations valued at greater than $2 trillion. The Redmond, Wash. tech large stories earnings for the March quarter Tuesday afternoon. Its market capitalization is at the moment $1.97 trillion; shares have risen 20% this 12 months.

What to anticipate: Analysts estimate quarterly income of $41 billion, up from $35 billion a 12 months in the past, and earnings per share of $1.78, up from $1.40. Dan Ives, an analyst with Wedbush Securities, expects Microsoft to beat these numbers as extra enterprise workloads transfer to the cloud, thanks partially to the pandemic-driven acceleration of Azure adoption.

“We imagine Azure’s cloud momentum continues to be in its early days of taking part in out inside the firm’s huge put in base and the Workplace 365 transition for each shopper/enterprise is offering development tailwinds over the subsequent few years.” Ives wrote in a report.

One other busy quarter: Microsoft a $21.8 billion take care of the U.S. Military to make HoloLens-type blended actuality headsets for troopers; plans to reopen its HQ campus; varied options to its Groups collaboration software program; its $7.5 billion acquisition of ZeniMax Media; and reportedly pursued acquisitions of Pinterest and Discord. Earlier this month the corporate its $19.7 billion acquisition of Nuance Communications.

Go deeper: Earlier this 12 months we hosted Microsoft watcher who writes the , on a to debate the state of Microsoft and its future. Foley pointed to safety and synthetic intelligence as two key sectors for the corporate. She additionally sees Groups as one other massive space of alternative. Take heed to the complete episode .

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