Microsoft's second-quarter revenue guidance slightly beats expectations, with capital expenditures expected to exceed $50 billion.

On October 29, Microsoft (MSFT.O) anticipates further acceleration in its second fiscal quarter after the Azure cloud business saw increased growth in the first fiscal quarter, surpassing internal guidance. At constant currency, Azure's second-quarter revenue is projected to grow by 49% to 50%, compared to a 48% increase in the first quarter. Microsoft forecasts total second-quarter revenue of $96 billion to $97.1 billion, with the Intelligent Cloud segment reaching $80.1 billion to $80.7 billion; the Devices and Consumer segment is expected to reach $15.9 billion to $16.4 billion, which encompasses Azure and Microsoft 365 businesses. Analysts polled by FactSet currently project Microsoft's second-quarter revenue at $95.63 billion. Microsoft also expects second-quarter capital expenditures to exceed $50 billion, highlighting the substantial costs required to expand artificial intelligence infrastructure. (Jin10)