Overview

• Microsoft posted Q4 revenue of $76.4 billion, with net income rising 24 percent year over year to $27.2 billion.
• Azure crossed $75 billion in annual revenue after a 39 percent increase in the past year.
• Shares jumped about 8.5 percent to roughly $557, briefly valuing the company above $4 trillion.
• Executives announced plans to invest over $30 billion in capital expenditures next quarter to boost cloud and AI capacity.
• The valuation boost follows cuts to more than 9,000 jobs, including major layoffs at Xbox.