Microsoft's AI-Fueled Earnings Surge by 24.8% on Strong Cloud Demand
Microsoft's fourth-quarter revenue surged to US$90,007 million, up from the previous quarter.
The company's net income rose to US$35,766 million, while its full-year revenue reached US$331,839 million and net income was US$133,749 million.
The strong performance was driven by demand for Microsoft's cloud and AI services, particularly Azure and Microsoft 365 Copilot.
A significant portion of the company's AI revenue comes from OpenAI, highlighting the growing importance of AI in Microsoft's business model.