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Microsoft's Q4 Earnings Surge on Cloud and AI Growth

1 min read
Source: Financial Times
Microsoft's Q4 Earnings Surge on Cloud and AI Growth
Photo: Financial Times
TL;DR Summary

Microsoft's quarterly profits increased by 24% to $27.2 billion, driven by a record surge in cloud computing revenues, especially from its Azure division which grew 34% to $75 billion. The company's strategic investments in AI, including its partnership with OpenAI, have significantly contributed to its market value surpassing $4 trillion, with shares rising about 7% after earnings release.

Topics:top-news#ai#azure#business#cloud-computing#microsoft#profits
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  1. Microsoft profits soar almost 25% on boom in cloud computing revenues  Financial Times
  2. Microsoft set to report earnings after the close  CNBC
  3. Microsoft earnings outshine Wall Street estimates, as Azure revenue surges 39%  Quartz
  4. Microsoft posts Q4 beat on top and bottom line on cloud, AI strength  Yahoo Finance
  5. Microsoft's stock surges after earnings. Here's the biggest number from the report.  MarketWatch

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