The buzz surrounds Microsoft's cloud momentum and aggressive AI strategy. Over the past year, Microsoft has invested heavily in data center expansion, earmarking $80 billion in capital spending for fiscal 2025.

Total revenue for the quarter reached USD $76.4 billion, an 18% increase year-over-year, while earnings per share (EPS) surged to USD $3.65, comfortably beating Wall Street estimates

Technology giant Microsoft said its profit soared above expectations in the recently ended quarter, driven by its cloud computing and artificial intelligence units. Microsoft reported profit of US$27.