Overview
- Microsoft reported fiscal Q4 revenue of $90 billion and adjusted EPS of $4.74, topping analyst expectations and driven by cloud and AI product strength.
- Azure revenue grew 43% year over year, pushed past $100 billion for the fiscal year, and management guided Azure to accelerate to 45% constant‑currency growth next quarter.
- Remaining performance obligations climbed 84% to $678 billion, a measure of contracted future revenue that Microsoft says will convert about 30% into revenue over the next 12 months.
- Microsoft shifted GitHub Copilot to usage‑based pricing and reported a 60% sequential revenue jump for Copilot plus 30 million paid Microsoft 365 Copilot seats with net adds doubling, showing early signs of tying AI usage to monetization.
- The stock rose on the results but remains down year‑to‑date, and investors will watch whether the booked backlog and rising AI consumption translate into sustained cash flow and lower capital pressure for cloud infrastructure.