The company's revenue is projected to increase by 15% in its 2024 fiscal year, outpacing the overall tech sector. Microsoft's AI integrations across its Windows 11 platform and the launch of its Microsoft 365 Copilot AI for its Office app business subscribers are also significant contributors to its success. The company could see more than $10 billion in annualized revenue by 2026 from the Copilot AI feature alone.
Key takeaways:
- Microsoft reached a market valuation of $3 trillion, briefly surpassing Apple, the first company to reach the $3 trillion mark.
- The company's success is attributed in part to its partnership with OpenAI, which has helped Microsoft release AI-supported services to its customers.
- The demand for AI services and cloud computing is expected to drive Microsoft's long-term growth, with the company's revenue projected to rise by 15% in its 2024 fiscal year.
- Microsoft announced AI integrations across its full Windows 11 platform and began selling its Microsoft 365 Copilot AI for its Office app business subscribers, potentially generating more than $10 billion in annualized revenue by 2026.