Microsoft beats Q4 cloud expectations as full-year Azure revenue tops $100 billion

Microsoft disclosed strong fiscal fourth-quarter results, with the company’s stock gaining 3% in extended trading on Wednesday. Total revenue expanded approximately 18% year-over-year in the quarter ending June 30. Net income reached $35.77 billion, or $4.81 per share, compared to $27.23 billion, or $3.65 per share, in the equivalent period a year prior.
The company benefited from a $3.2 billion gain related to its investment in artificial intelligence firm Anthropic and realized lower-th