Microsoft’s earnings growth is expected to continue with the demand for cloud services

Microsoft is likely to announce strong revenue growth as demand for its cloud services and software continued to rise in the last quarter.

For the quarter ending in March, the software giant is expected to sell about $ 49 billion, up close to 18% from the previous year. Analysts polled by FactSet expect its net income to be around $ 16 billion, an increase of 6.2%. The Redmond, Wash. Company is set to announce its third-quarter earnings after markets close Tuesday afternoon.

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