Overview

• Microsoft reported $3.65 earnings per share on $76.44 billion in revenue for fiscal Q4, beating analysts’ forecasts of $3.37 and $73.86 billion.
• Azure revenue jumped 39% year over year in Q4, surpassing the company’s target range and taking annualized cloud revenue beyond $75 billion for the first time.
• Chief Financial Officer Amy Hood unveiled a record $30 billion capital expenditure plan for the upcoming quarter to expand AI and cloud infrastructure.
• Microsoft projects 37% constant-currency growth for Azure in the fiscal first quarter as demand for AI services continues to accelerate.
• Shares climbed more than 7% on the earnings beat, elevating Microsoft into an exclusive club as only the second publicly traded company to exceed a $4 trillion valuation.