The most important earnings call from Redmond in recent memory, one might add. Today promises to be a busy day for the financial world, as both Microsoft and Apple will be announcing their quarterly earnings.
While both companies have a lot to prove, this one is special for the software giant, as Microsoft CEO Satya Nadella will be pushing forward his agenda for the company.
The recent job cut of 18,000 that Microsoft announced earlier this month is set to be the highlight of the conference — a move that will cost the company anywhere from $1.1 to $1.6 billion over the next four quarters to cover the staff reduction costs.
Nadella will aim to justify this hefty expense, and show that this reduced headcount (and the outlay it entails) will result in long term gains for the technology giant, without sacrificing revenue streams.
Details are expected to be released after 4pm EST today.
The earnings call by company executives is set right after the announcement, at around 5pm. And it promises to be staggeringly remarkable, either way. Stay tuned.