Key Points
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Microsoft (NASDAQ: MSFT) is set to report its fiscal Q4 results on July 29, after a 29% decline in its stock from last year’s record high, attributed to investor concerns over AI’s potential disruption of the software industry.
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As of the end of the third quarter on March 31, Microsoft had added its AI tool, Copilot, to 20 million licenses—an increase of 250% year over year—highlighting significant adoption within its 400 million 365 licenses.
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Microsoft Azure’s revenue rose 40% year over year in Q3, and the company possesses a $627 billion order backlog for cloud infrastructure, which it aims to convert into revenue over the next two and a half years.
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