Microsoft's fiscal fourth-quarter results, reported July 29, showed Azure growth accelerating to 43% from 40% the prior quarter, and Azure's fiscal-year revenue exceeded $100 billion for the first time, up 41%. The Intelligent Cloud segment posted $39.31 billion in revenue, up 31.6%.
Microsoft 365 Copilot now has more than 30 million paid seats, up from more than 20 million as of April. Management guided to 45% Azure growth at constant currency for the next quarter, above the 41.4% analyst consensus cited by CNBC.
One caveat on earnings quality: net income was helped by investment gains, including a $3.2 billion gain from Microsoft's stake in Anthropic and nearly $5 billion in gains from its OpenAI investment during the year.
Source: CNBC