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Microsoft Tops Q4 Revenue Forecast as Azure Revenue Hits $75 Billion

Its commitment to an $80 billion AI data center buildout signals Microsoft’s ambition to lead the cloud and AI infrastructure race

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Microsoft Chief Executive Satya Nadella speaks at the company's annual developer conference in Seattle, Washington, U.S., May 21, 2024. REUTERS/Max Cherney/File Photo
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Overview

  • Microsoft reported fiscal fourth-quarter revenue of $76.4 billion, an 18% increase year-over-year, and net income of $27.2 billion, beating analyst estimates.
  • The Intelligent Cloud segment delivered $29.9 billion in quarterly revenue, up 26%, while annual Azure sales exceeded $75 billion, marking 34% growth.
  • Shares jumped 8% in after-hours trading, lifting the company’s market capitalization above $4.1 trillion.
  • Microsoft has allocated $80 billion in capital expenditures for fiscal 2025 to expand AI-focused data center capacity.
  • Chief Executive Satya Nadella said cloud and AI are the driving force of business transformation across every industry and sector.