Bank of America Sees Azure Demand Exceeding Supply in Fiscal 2027
Photo: TokenPost
Bank of America expects demand for Microsoft’s Azure cloud services to exceed supply in fiscal 2027 as the business expands, and has raised its earnings forecasts for Microsoft over the next three years. For fiscal 2027, the bank projects $391.9 billion in revenue and earnings of $19.70 per share. It expects capital spending, including finance leases, to reach $220.7 billion, up 51.9% year over year. The bank also sees Microsoft’s position strengthening in enterprise AI applications, security and infrastructure as Copilot commercialization accelerates. Its outlook for Azure demand and its financial figures are forecasts for fiscal 2027.
Source: TokenPost
