Microsoft (MSFT) and Alphabet Earnings Loom: Can Cloud Growth Hold?

TLDR Microsoft and Alphabet will report earnings on October 28, following the Federal Reserve’s interest rate decision. Analysts expect Microsoft to report $90.6 billion in revenue and adjusted earnings of $4.71 per share. Microsoft forecasts 45% Azure growth and more than $50 billion in quarterly capital spending. Alphabet faces expectations of $127.9 billion in revenue after Google Cloud delivered 82% growth last quarter. Alphabet’s June-quarter capital spending exceeded operating cash flow by approximately $5.9 billion, putting cash generation in focus. Microsoft ( MSFT ) stock faces Wednesday earnings from Microsoft and Alphabet, after the Federal Reserve announces its October 28 interest rate decision. Cloud revenue, AI spending, and cash generation will feature in both reports.

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