Microsoft guides Q1 cloud strength

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Microsoft (NASDAQ:MSFT) reveals its Q1 guidance during the earnings call. MSFT shares are now up 2% after hours.

The company expects Productivity and Business Processes revenue of $10.7B-$10.9B (consensus: $10.88B), Intelligent Cloud between $10.3B-$10.5B (consensus: $10.11B), and More Personal Computing at $10.7B-$11B (consensus: $10.93B).

The breakdown implies total revenue of about $31.8B to $32.4B (consensus: $31.99B).

For FY20, MSFT still expects double-digit revenue growth.

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