NEW YORK (TheStreet) -- Microsoft Corp. (MSFT) - Get Report stock is gaining 1.13% to $51.80 in afternoon trading on Thursday before the company releases its fiscal 2016 second quarter financial report after today's market close.
Analysts will be looking for results from the intelligent cloud segment, which could drive future revenue growth, according to the Wall Street Journal.
For the fiscal 2016 first quarter, revenue from the cloud unit increased 8% year-over-year to $5.9 billion. The more personal computing and the productivity and business processes segments had revenues of $9.4 billion and $6.3 billion, respectively, but both figures declined compared with the fiscal 2015 first quarter.
Overall, analysts have estimated earnings of 71 cents per share for the fiscal 2016 second quarter, unchanged from the same quarter in fiscal 2015.
Revenue, however, is expected to fall 4.6% to $25.26 billion, compared with revenue of $26.47 billion that Microsoft reported the fiscal 2015 second quarter.
Separately, Microsoft has a "buy" rating and a letter grade of A at TheStreet Ratings because of the company's solid stock performance, increase in net income, reasonable valuation levels, expanding profit margins and good cash flow from operations.
You can view the full analysis from the report here: MSFT
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.