Microsoft's cloud computing and artificial intelligence business helped deliver $70.1 billion in sales and boosted profits by 18% for the January-March quarter, a dose of relief for investors during a turbulent time for the tech sector and U.

The results are likely to ease concerns about a potential slowdown in AI demand, after some analysts pointed to canceled data center leases at Microsoft as a sign of excess capacity. Rival Alphabet also posted strong results last week,

Microsoft Microsoft 0.0% Inc. scheduled to report earnings after Wednesday’s close. The stock hit a record high near $468.35/share in 2024 and, as of this writing, it is currently trading near $394. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong.