Tech titan Microsoft Corp. (MSFT), which just became the 澳洲幸运5官方开奖结果体彩网:second company ever to reach a market capitalization of $3 trillion, is due to report its second-quarter fiscal 2024 earnings on Tuesday after the market closes. Analysts expect Microsoft to post its highest revenue in seven quarters and an uptick in EPS, while the company's AI-powered cloud services continue to soar.

Analysts forecast that Microsoft will announce net income of $20.6 billion, or $2.77 per share, compared with $17.4 billion and $2.20, respectively, in the prior-year quarter, according to data compiled by Visible Alpha. The company is also expected to report total revenue of $61 billion, a nearly 16% improvement year-over-year and the sharpest increase in this area in close to two years.

Key Metric: Intelligent Cloud Revenue

澳洲幸运5官方开奖结果体彩网:Microsoft has made a major bet on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI), investing billions of dollars with ChatGPT-creator OpenAI to integrate AI into many of its products. Much of Microsoft's venture into AI is contained within its Intelligent Cloud segment, home to Azure, Nuance, Windows Server and Enterprise Services, among other offerings. The investment seems to be paying off: a Morgan Stanley survey of CIOs found that more than two-thirds planned to adopt Microsoft AI tools in the coming year.

Microsoft's Intelligent Cloud quarterly revenue, which has roughly doubled in the last three years, is expected to reach an all-time high of $25.3 billion in the latest quarter, according to Visible Alpha. This would represent a roughly 18% increase YOY.

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While Microsoft's AI adoption might spell big gains for its top and bottom lines, the company has run into legal issues as a result as well. Late in 2023, the New York Times sued Microsoft and OpenAI for copyright infringement, contending that ChatGPT was trained using millions of copyrighted articles. The suit calls for "billions of dollars in statutory and actual damages." The company is also being 澳洲幸运5官方开奖结果体彩网:scrutinized byꦰ the U.K.'s competit🐈ion watchdog, which is evaluating whether Microsoft's partnership with OpenAI could affect competition. Also recently, 澳洲幸运5官方开奖结果体彩网:the Federal Tradeꦉ Commission launꦍched an inquiry into Microsoft and OpenAI as part of a broader look at investmen♍ts and par🐈tnerships in the AI space.

Microsoft shares were among the best-performing in the already-hot tech space last year. The company's stock has risen about 63% over the past year as of the end of trading Friday.