Microsoft reports record Q4 earnings, with Azure and AI driving significant revenue growth.

Microsoft reported record earnings for Q4, with revenue and profit up 18% and 24% year-over-year, respectively, driven by strong growth in its Azure cloud and AI businesses. Azure revenue hit $75 billion annually, up 34%, beating forecasts. Despite laying off 15,000 workers, the company's workforce remains at 228,000. Microsoft's stock rose over 7% in after-hours trading, reflecting investor confidence in its AI and cloud strategies.