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Microsoft shares climb on strong earnings
Microsoft's stock rose by 3% after announcing strong financial results for the fourth quarter, with revenues exceeding expectations and reaching $90.01 billion, an 18% increase year-over-year. The company posted a net income of $35.77 billion, supported by gains from investments in Anthropick and cost reductions, despite losses in Xbox gaming assets. The cloud computing division achieved record revenues of $39.31 billion, with Azure services growing by 43%, and Azure's annual revenue surpassed $100 billion for the first time. The productivity and business segment (Microsoft 365 and LinkedIn) generated $37.85 billion in revenue, an increase of over 14%. Meanwhile, the personal computing sector experienced a 4.4% decline in revenue, totaling $12.85 billion, due to decreased device sales and Windows licensing.
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