Microsoft will release its earnings report after the US market closes early tomorrow morning. The key to success in this earnings report will likely be the actual growth rate of Azure and the guidance for Azure in the next quarter. This is also what investment banks are generally focusing on, rather than total revenue or EPS itself. In addition, whether capital expenditures will continue to increase, whether they can be effectively converted into profits, and whether cash flow can remain positive are also points of market attention.
