What You Need To Know Ahead of Microsoft’s Earnings Report [Video]

Microsoft (MSFT) is set to report fiscal fourth-quarter earnings after the closing bell on July 30, with investors likely to be watching for cloud segment growth and updates on the company’s artificial intelligence (AI) initiatives.

The tech giant is projected to report revenue of $64.38 billion, according to estimates compiled by Visible Alpha, representing a 14.6% rise over the year-ago period. Net income is expected to come in at $21.88 billion, or $2.93 per share, a 9.3% increase from the final quarter of fiscal 2023.

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 cloud business has helped support Microsoft’s increased capital spending as big tech invests in AI.

Goldman Sachs analysts expect cloud revenue of $37.2 billion, representing …