For the first time, annual Azure revenue surpassed $100 billion. Microsoft Cloud revenue overall increased 27% to $59.3 billion in the quarter and exceeded $214 billion for the full fiscal year. GitHub Copilot also contributed to growth after the introduction of usage-based pricing, which drove sequential gains in seats and revenue. The combination of traditional enterprise cloud demand and AI services growth was viewed as reducing concentration risk. Looking ahead, attention will focus on whether Azure growth sustains the elevated rates guided for the coming quarter, how quickly additional capacity comes online, and the trajectory of Copilot monetization.