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flag Microsoft reported record revenue growth and Azure surge but announced 15,000 layoffs.

flag Microsoft reported a strong fiscal fourth quarter, with a 18% rise in revenue to $76.4 billion, driven by its cloud and AI businesses. flag Azure cloud services revenue hit $75 billion annually for the first time, up 34% year-over-year. flag The company plans to spend a record $30 billion in capital spending for the current quarter, aiming to expand its AI capabilities and cloud infrastructure. flag Despite growth, Microsoft announced 15,000 layoffs this year.

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