3 6 Ke·2025-07-31 07:30Core Viewpoint - Microsoft has become the second company globally to surpass a market capitalization of $4 trillion, driven by strong financial performance in its cloud and AI sectors [1][3]. Financial Performance - For the fiscal year 2025, Microsoft reported total revenue of $281.72 billion (approximately ¥202.61 trillion), a year-over-year increase of 14.93%, with net income reaching $101.83 billion (approximately ¥79.94 trillion), up 15.54% [1]. - In the latest fiscal quarter, Microsoft achieved revenue of $76.44 billion (approximately ¥54.98 trillion), reflecting an 18.1% year-over-year growth, and net income of $27.23 billion (approximately ¥19.59 trillion), which is a 23.58% increase [1][11]. Cloud Business Growth - Microsoft's cloud business was the primary driver of revenue growth, with total cloud revenue for fiscal year 2025 reaching $168.9 billion, marking a 23% increase. Azure's annual revenue exceeded $75 billion, growing by 34% [3][9]. - In the fourth fiscal quarter, intelligent cloud revenue was $29.9 billion, a 26% increase year-over-year, with Azure and other cloud services revenue growing by 39% [11][12]. Segment Performance - The Productivity and Business Processes segment generated $120.81 billion in revenue, a 13% increase, while the Intelligent Cloud segment saw revenue of $106.27 billion, up 21% [7][9]. - The More Personal Computing segment reported $54.65 billion in revenue, a 7% increase, with Xbox content and services growing by 13% [10][12]. AI and Future Outlook - Microsoft is heavily investing in AI, with the launch of Azure AI Foundry and GitHub Copilot, which has gained 20 million users. The company aims to transform its business model from a "software factory" to an "intelligent engine" [14][16]. - The CFO indicated that the rise of AI business will not compress profit margins, as operational efficiencies are expected to be achieved through AI [15][16]. Market Position - Microsoft is positioned as a leader in the cloud and AI sectors, with a significant backlog of $368 billion in orders, indicating continued strong demand and investment in these areas [15][16].