This is a very strong set of results and reinforces the view that Microsoft’s massive AI investments are translating into real business growth. Key highlights: Revenue: US$90.0 billion, up 18% YoY, beating Wall Street expectations. EPS: US$4.81, well above analysts’ estimates of US$4.24. Azure growth: 43% YoY, significantly ahead of expectations (~40%). Management also guided for 45% Azure growth next quarter. Azure annual revenue: Surpassed US$100 billion for the first time in FY2026, a major milestone. Microsoft Cloud revenue: US$59.3 billion, up 27% YoY. Microsoft 365 Copilot: More than 30 million paid users, highlighting strong enterprise AI adoption. After-hours reaction: Shares surged about 8–9% following the earnings release. Why the market