Azure revenue surged 43% year-over-year, pushing total quarterly revenue to $90 billion and beating analyst estimates.
Microsoft reported fiscal Q4 revenue of $90 billion, up 18% year-over-year, driven by a 43% increase in Azure cloud revenue. Adjusted earnings per share rose 23% to $4.74, surpassing consensus estimates of $87.62 billion in revenue and $4.24 in EPS.
Azure revenue marked its 12th consecutive quarter of 30%+ growth, exceeding $100 billion for the fiscal year. Remaining performance obligations jumped 84% to $678 billion, with 30% expected to convert to revenue within 12 months. Intelligent cloud revenue, including Azure and GitHub, climbed 32% to $39.3 billion.
The results triggered a stock rally, though MSFT remains down over 10% year-to-date. Analysts project Azure growth to accelerate to 45% in Q1 on constant-currency terms.