Microsoft CFO Amy Hood, in a memo to employees after the company reported quarterly earnings, pointed to Azure's growth and Copilot's momentum as evidence that Microsoft's biggest AI bets are paying off. Microsoft shares were up 2% on Wednesday in after-hours trading following the company's earnings release, reporting $90 billion in fourth-quarter revenue, above Wall Street expectations. Hood wrote, "We begin this new year with clear priorities, strong customer demand, and significant opportunity ahead." The memo touted "important progress in key areas" like Azure and M365 Copilot. Microsoft Cloud revenue was $59.3 billion in Q4 and $214 billion for the full fiscal year, growing 27% across both time periods. Commercial bookings grew 18%, excluding OpenAI. Hood also highlighted Microsoft invested more than $41 billion in capital expenditures during the quarter to expand data center capacity and reiterated that security remains a top priority.