After the market closed on Wednesday, tech giant and AI hyperscaler Microsoft (MSFT +1.21%) reported better-than-expected Q4 2026 earnings for the period ending June 30. In general, as Microsoft CFO Amy Hood put it, it was “a strong quarter to close out the fiscal year.” That trend applied to Microsoft as well, with revenue from Azure and other cloud services increasing 43% YoY. Although Microsoft didn’t break out the actual dollar amount, the overall Intelligent Cloud segment, which includes Azure, saw revenue increase 32% to $39.3 billion. With Azure showing impressive revenue growth and management keeping a lid on AI spending (at least for now), Microsoft looks like a buy.