Microsoft Shares Spike 6% As Revenue Surges Above Wall Street Forecasts
1. Microsoft reported $76.4 billion in Q4 revenue, beating forecasts by $2.6 billion. 2. Net income rose to $27.2 billion, a 24% increase year-on-year. 3. Stock jumped 6% in after-hours trading after earnings announcement. 4. Plans to invest $80 billion in AI data centers by FY2025. 5. Cut workforce by 6,000 employees, reducing headcount by 3%.