Microsoft Results Could Take Valuation Above $1 Trillion
- Analysts see strong growth in cloud-computing business
- Expected revenue growth of 11% would be slowest since 2017
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Microsoft Corp. analysts expect strong third-quarter results from the company on Wednesday as its cloud-computing division continues to see rapid growth.
The report could extend a rally that has lifted Microsoft shares more than 33 percent off a December low. Microsoft closed at a record on Tuesday and the company’s market capitalization is within 4 percent of $1 trillion. Shares were down 0.3 percent ahead of the results on Wednesday.