MAAT INDEX

CLAIM #44583 · Microsoft Corporation (MSFT) · 2024Q2 earnings call · Jan 30, 2024 · due Mar 31, 2024

In Azure, we expect Q3 revenue growth in constant currency to remain stable to our stronger-than-expected Q2 results.

Amy Hood · CFO

PENDING
graded after results covering Mar 31, 2024 are reported

How to check this claim

Look at: Azure revenue growth, constant currency, year-over-year, Q3 FY2024

It came true if: Q3 constant-currency Azure growth rate within 1 percentage point of Q2 FY2024's reported constant-currency growth rate

Where: Company-disclosed Azure revenue growth (constant currency) in Q3 FY2024 earnings release / call

In context

by the adoption we've seen to date and continue to expect revenue to grow over time. In our on-premise business, we expect revenue to decline in the low 20s. In Office Consumer, we expect revenue growth in the mid-to-high single-digits, driven by Microsoft's 365 subscriptions. For LinkedIn, we expect revenue growth in the mid-to-high single digits, driven by continued growth across all businesses. And in Dynamics, we expect revenue growth in the mid-teens, driven by Dynamics 365. For Intelligent Cloud, we expect revenue of $26 billion to $26.3 billion or growth between 18% and 19%. Revenue will continue to be driven by Azure, which, as a reminder, can have quarterly variability, primarily from our per-user business and from in-period revenue recognition, depending on the mix of contracts. In Azure, we expect Q3 revenue growth in constant currency to remain stable to our stronger-than-expected Q2 results. Growth will be driven by our Azure consumption business with continued strong contribution from AI. Our per-user business should see benefit from Microsoft 365 Suite momentum though we expect continued moderation in seat growth rates given the size of the installed base. In our on-premises server business, we expect revenue growth in the low-to-mid single-digits with continued hybrid demand, including licenses running in multi-cloud environments. And in the enterprise and partner services revenue should decline approximately 10% on a high prior year comparable for enterprise support services and more Personal Computing, we expect revenue of $14.7 billion, $15.1 billion or growth between 11% and 14%. Windows OEM revenue growth should be relatively flat as PC market unit volumes continue at

Verify independently

SEC filings for MSFT · Claim quote is verbatim from the 2024Q2 earnings call.