UPDATE—July 29, 2024: This article has been updated to reflect more recent analyst estimates and share price information.

Microsoft (MSFT) is set to report fiscal fourth-quarter earnings after the closing bell Tuesday, with investors likely to be watching for cloud segment growth and updates on the company's 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) initiatives.

The tech giant is projected to report revenue of $64.37 billion, according to estimates compiled by Visible Alpha, representing a 14.6% rise over the year-ago period. Net income is expec🧜ted to come in at $21.88 billion, or $2.93 per share, a 9.3% increase from the final quarter of fiscal 2023.

Key Metric: Azure Cloud Growth

Investors will likely be watching for sustained revenue growth in Microsoft's cloud platform, Azure, which fueled the tech giant's earnings beats in previous quarters.

Azure has benefited from the AI boom as customers train and run AI workloads using the cloud platform. The 澳洲幸运5官方开奖结果体彩网:cloud business has helped support Microsoft's increased capital spending as 澳洲幸运5官方开奖结果体彩网:big tech invests in AI.

Goldman Sachs analysts expect cloud revenue of $37.2 billion, representing growth from both the quarter prior and the year-ago period.

The analysts said that they "think share gains in Azure and leadership in [generative artificial intelligence] could continue to set Microsoft on a separate trajectory as long as we are in the ‘Infrastructure’ build phase of the Gen-AI cycle."

Business Spotlight: AI Impact

Microsoft's earnings report and call will likely be focused on the company's position in the evolving AI marketplace. The tech giant has 澳洲幸运5官方开奖结果体彩网:established itself as an early AI leader through its ongoing 澳洲幸运5官方开奖结果体彩网:partnership with OpenAI.

The company could provide updates about its 澳洲幸运5官方开奖结果体彩网:Windows PCs designed f🌳or AI workloads and how the new devices are expected to affect Microsoft's computing business.

Microsoft shares have gained about 13.5% since the start of the year, at $426.73 as of Monday's close.