Question:
You are tasked with answering the user's question using the provided context, which includes financial statements (Income Statements, Balance Sheets, and Cash Flow Statements) and financial news articles in multiple languages (English, Chinese, Japanese, Spanish, and Greek). Please provide a detailed and well-supported answer based on the information available. Limit your response to 100 words or fewer. If you cannot answer the question or if no relevant evidence is found, write “None”.

Answer Format:
Answer: {Answer using the financial statement.}
News Evidence: {Verify your answer using quote(s) from the financial news. Write “None” if no news evidence is available.}
Context:
Financial Statements:
| Column 1                                                                             | Column 2   | Column 3      | Column 4   | Column 5   | Column 6     | Column 7   | Column 8   | Column 9   |
|:-------------------------------------------------------------------------------------|:-----------|:--------------|:-----------|:-----------|:-------------|:-----------|:-----------|:-----------|
|                                                                                |            |               |            |            |              |            |            |            |
| (In millions) (Unaudited)                                                            |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            | March 31,2024 |            |            | June 30,2023 |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Assets                                                                               |            |               |            |            |              |            |            |            |
| Current assets:                                                                      |            |               |            |            |              |            |            |            |
| Cash and cash equivalents                                                            |            | $             | 19,634     |            |              | $          | 34,704     |            |
| Short-term investments                                                               |            |               | 60,387     |            |              |            | 76,558     |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total cash, cash equivalents, and short-term investments                             |            |               | 80,021     |            |              |            | 111,262    |            |
| Accounts receivable, net of allowance for doubtful accounts of$616and $650           |            |               | 44,029     |            |              |            | 48,688     |            |
| Inventories                                                                          |            |               | 1,304      |            |              |            | 2,500      |            |
| Other current assets                                                                 |            |               | 21,826     |            |              |            | 21,807     |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total current assets                                                                 |            |               | 147,180    |            |              |            | 184,257    |            |
| Property and equipment, net of accumulated depreciation of$74,945and$68,251          |            |               | 121,375    |            |              |            | 95,641     |            |
| Operating lease right-of-use assets                                                  |            |               | 17,371     |            |              |            | 14,346     |            |
| Equity and other investments                                                         |            |               | 14,807     |            |              |            | 9,879      |            |
| Goodwill                                                                             |            |               | 119,163    |            |              |            | 67,886     |            |
| Intangible assets, net                                                               |            |               | 28,828     |            |              |            | 9,366      |            |
| Other long-term assets                                                               |            |               | 35,551     |            |              |            | 30,601     |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total assets                                                                         |            | $             | 484,275    |            |              | $          | 411,976    |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Liabilities and stockholders’ equity                                                 |            |               |            |            |              |            |            |            |
| Current liabilities:                                                                 |            |               |            |            |              |            |            |            |
| Accounts payable                                                                     |            | $             | 18,087     |            |              | $          | 18,095     |            |
| Short-term debt                                                                      |            |               | 20,535     |            |              |            | 0          |            |
| Current portion of long-term debt                                                    |            |               | 2,249      |            |              |            | 5,247      |            |
| Accrued compensation                                                                 |            |               | 10,432     |            |              |            | 11,009     |            |
| Short-term income taxes                                                              |            |               | 7,311      |            |              |            | 4,152      |            |
| Short-term unearned revenue                                                          |            |               | 41,888     |            |              |            | 50,901     |            |
| Other current liabilities                                                            |            |               | 18,023     |            |              |            | 14,745     |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total current liabilities                                                            |            |               | 118,525    |            |              |            | 104,149    |            |
| Long-term debt                                                                       |            |               | 42,658     |            |              |            | 41,990     |            |
| Long-term income taxes                                                               |            |               | 26,786     |            |              |            | 25,560     |            |
| Long-term unearned revenue                                                           |            |               | 2,945      |            |              |            | 2,912      |            |
| Deferred income taxes                                                                |            |               | 2,469      |            |              |            | 433        |            |
| Operating lease liabilities                                                          |            |               | 14,469     |            |              |            | 12,728     |            |
| Other long-term liabilities                                                          |            |               | 23,271     |            |              |            | 17,981     |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total liabilities                                                                    |            |               | 231,123    |            |              |            | 205,753    |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Commitments and contingencies                                                        |            |               |            |            |              |            |            |            |
| Stockholders’ equity:                                                                |            |               |            |            |              |            |            |            |
| Common stock and paid-in capital – shares authorized24,000; outstanding7,433and7,432 |            |               | 99,193     |            |              |            | 93,718     |            |
| Retained earnings                                                                    |            |               | 159,394    |            |              |            | 118,848    |            |
| Accumulated other comprehensive loss                                                 |            |               | (5,435     | )          |              |            | (6,343     | )          |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total stockholders’ equity                                                           |            |               | 253,152    |            |              |            | 206,223    |            |
|                                                                                |            |               |            |            |              |            |            |            |
|                                                                                |            |               |            |            |              |            |            |            |
| Total liabilities and stockholders’ equity                                           |            | $             | 484,275    |            |              | $          | 411,976    |            |
|                                                                                |            |               |            |            |              |            |            |            |

---

| Column 1                                                                                | Column 2   | Column 3                    | Column 4   | Column 5   | Column 6   | Column 7                   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   |
|:---------------------------------------------------------------------------------------------|:-----------|:----------------------------|:-----------|:-----------|:-----------|:---------------------------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| (In millions) (Unaudited)                                                                    |            | Three Months EndedMarch 31, |            |            |            | Nine Months EndedMarch 31, |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            | 2024                        |            |            | 2023       |                            |            |            | 2024        |             |             |             | 2023        |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Operations                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net income                                                                                |            | $                           | 21,939     |            |            | $                          | 18,299     |            |             | $           | 66,100      |             |             | $           | 52,280      |             |
| Adjustments to reconcile net income to net cash from operations:                             |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Depreciation, amortization, and other                                                        |            |                             | 6,027      |            |            |                            | 3,549      |            |             |             | 15,907      |             |             |             | 9,987       |             |
| Stock-based compensation expense                                                             |            |                             | 2,703      |            |            |                            | 2,465      |            |             |             | 8,038       |             |             |             | 7,195       |             |
| Net recognized losses (gains) on investments and derivatives                                 |            |                             | 49         |            |            |                            | (40        | )          |             |             | 261         |             |             |             | 152         |             |
| Deferred income taxes                                                                        |            |                             | (1,323     | )          |            |                            | (1,675     | )          |             |             | (3,593      | )           |             |             | (4,171      | )           |
| Changes in operating assets and liabilities:                                                 |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Accounts receivable                                                                          |            |                             | (2,028     | )          |            |                            | (1,408     | )          |             |             | 6,055       |             |             |             | 7,157       |             |
| Inventories                                                                                |            |                             | 260        |            |            |                            | 106        |            |             |             | 1,229       |             |             |             | 868         |             |
| Other current assets                                                                         |            |                             | 951        |            |            |                            | 1,152      |            |             |             | 880         |             |             |             | 428         |             |
| Other long-term assets                                                                       |            |                             | (2,137     | )          |            |                            | (554       | )          |             |             | (5,577      | )           |             |             | (1,285      | )           |
| Accounts payable                                                                             |            |                             | 648        |            |            |                            | (407       | )          |             |             | (659        | )           |             |             | (4,032      | )           |
| Unearned revenue                                                                             |            |                             | (645       | )          |            |                            | (181       | )          |             |             | (10,309     | )           |             |             | (8,689      | )           |
| Income taxes                                                                                |            |                             | 2,622      |            |            |                            | 1,414      |            |             |             | 2,493       |             |             |             | (1,039      | )           |
| Other current liabilities                                                                    |            |                             | 2,803      |            |            |                            | 1,715      |            |             |             | 215         |             |             |             | (490        | )           |
| Other long-term liabilities                                                                  |            |                             | 48         |            |            |                            | 6          |            |             |             | 313         |             |             |             | 451         |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash from operations                                                                     |            |                             | 31,917     |            |            |                            | 24,441     |            |             |             | 81,353      |             |             |             | 58,812      |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Financing                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Proceeds from issuance (repayments) of debt, maturities of 90 days or less, net              |            |                             | (3,810     | )          |            |                            | 0          |            |             |             | 6,392       |             |             |             | 0           |             |
| Proceeds from issuance of debt                                                               |            |                             | 6,352      |            |            |                            | 0          |            |             |             | 24,198      |             |             |             | 0           |             |
| Repayments of debt                                                                           |            |                             | (11,589    | )          |            |                            | 0          |            |             |             | (16,005     | )           |             |             | (1,750      | )           |
| Common stock issued                                                                          |            |                             | 522        |            |            |                            | 536        |            |             |             | 1,468       |             |             |             | 1,354       |             |
| Common stock repurchased                                                                     |            |                             | (4,213     | )          |            |                            | (5,509     | )          |             |             | (13,044     | )           |             |             | (16,541     | )           |
| Common stock cash dividends paid                                                             |            |                             | (5,572     | )          |            |                            | (5,059     | )          |             |             | (16,197     | )           |             |             | (14,746     | )           |
| Other, net                                                                                |            |                             | (498       | )          |            |                            | (258       | )          |             |             | (1,006      | )           |             |             | (839        | )           |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash used in financing                                                                   |            |                             | (18,808    | )          |            |                            | (10,290    | )          |             |             | (14,194     | )           |             |             | (32,522     | )           |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Investing                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Additions to property and equipment                                                          |            |                             | (10,952    | )          |            |                            | (6,607     | )          |             |             | (30,604     | )           |             |             | (19,164     | )           |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets |            |                             | (1,575     | )          |            |                            | (301       | )          |             |             | (67,790     | )           |             |             | (1,329      | )           |
| Purchases of investments                                                                     |            |                             | (2,183     | )          |            |                            | (9,063     | )          |             |             | (14,901     | )           |             |             | (25,675     | )           |
| Maturities of investments                                                                    |            |                             | 3,350      |            |            |                            | 13,154     |            |             |             | 23,218      |             |             |             | 26,744      |             |
| Sales of investments                                                                         |            |                             | 1,941      |            |            |                            | 1,239      |            |             |             | 8,871       |             |             |             | 8,725       |             |
| Other, net                                                                                |            |                             | (1,281     | )          |            |                            | (1,686     | )          |             |             | (916        | )           |             |             | (2,847      | )           |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net cash used in investing                                                                   |            |                             | (10,700    | )          |            |                            | (3,264     | )          |             |             | (82,122     | )           |             |             | (13,546     | )           |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Effect of foreign exchange rates on cash and cash equivalents                                |            |                             | (80        | )          |            |                            | 29         |            |             |             | (107        | )           |             |             | (113        | )           |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net change in cash and cash equivalents                                                      |            |                             | 2,329      |            |            |                            | 10,916     |            |             |             | (15,070     | )           |             |             | 12,631      |             |
| Cash and cash equivalents, beginning of period                                               |            |                             | 17,305     |            |            |                            | 15,646     |            |             |             | 34,704      |             |             |             | 13,931      |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Cash and cash equivalents, end of period                                                     |            | $                           | 19,634     |            |            | $                          | 26,562     |            |             | $           | 19,634      |             |             | $           | 26,562      |             |
|                                                                                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |

---

| Column 1                                            | Column 2   | Column 3                    | Column 4   | Column 5   | Column 6   | Column 7                   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   |
|:----------------------------------------------------|:-----------|:----------------------------|:-----------|:-----------|:-----------|:---------------------------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| (In millions, except per share amounts) (Unaudited) |            | Three Months EndedMarch 31, |            |            |            | Nine Months EndedMarch 31, |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            | 2024                        |            |            | 2023       |                            |            |            | 2024        |             |             |             | 2023        |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Revenue:                                            |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Product                                             |            | $                           | 17,080     |            |            | $                          | 15,588     |            |             | $           | 51,556      |             |             | $           | 47,846      |             |
| Service and other                                   |            |                             | 44,778     |            |            |                            | 37,269     |            |             |             | 128,839     |             |             |             | 107,880     |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Total revenue                                       |            |                             | 61,858     |            |            |                            | 52,857     |            |             |             | 180,395     |             |             |             | 155,726     |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Cost of revenue:                                    |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Product                                             |            |                             | 4,339      |            |            |                            | 3,941      |            |             |             | 13,834      |             |             |             | 13,933      |             |
| Service and other                                   |            |                             | 14,166     |            |            |                            | 12,187     |            |             |             | 40,596      |             |             |             | 35,135      |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Total cost of revenue                               |            |                             | 18,505     |            |            |                            | 16,128     |            |             |             | 54,430      |             |             |             | 49,068      |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Gross margin                                        |            |                             | 43,353     |            |            |                            | 36,729     |            |             |             | 125,965     |             |             |             | 106,658     |             |
| Research and development                            |            |                             | 7,653      |            |            |                            | 6,984      |            |             |             | 21,454      |             |             |             | 20,456      |             |
| Sales and marketing                                 |            |                             | 6,207      |            |            |                            | 5,750      |            |             |             | 17,640      |             |             |             | 16,555      |             |
| General and administrative                          |            |                             | 1,912      |            |            |                            | 1,643      |            |             |             | 5,363       |             |             |             | 5,378       |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Operating income                                    |            |                             | 27,581     |            |            |                            | 22,352     |            |             |             | 81,508      |             |             |             | 64,269      |             |
| Other income (expense), net                         |            |                             | (854       | )          |            |                            | 321        |            |             |             | (971        | )           |             |             | 315         |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Income before income taxes                          |            |                             | 26,727     |            |            |                            | 22,673     |            |             |             | 80,537      |             |             |             | 64,584      |             |
| Provision for income taxes                          |            |                             | 4,788      |            |            |                            | 4,374      |            |             |             | 14,437      |             |             |             | 12,304      |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Net income                                          |            | $                           | 21,939     |            |            | $                          | 18,299     |            |             | $           | 66,100      |             |             | $           | 52,280      |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Earnings per share:                                 |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Basic                                               |            | $                           | 2.95       |            |            | $                          | 2.46       |            |             | $           | 8.90        |             |             | $           | 7.02        |             |
| Diluted                                             |            | $                           | 2.94       |            |            | $                          | 2.45       |            |             | $           | 8.85        |             |             | $           | 6.99        |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Weighted average shares outstanding:                |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |
| Basic                                               |            |                             | 7,431      |            |            |                            | 7,441      |            |             |             | 7,431       |             |             |             | 7,450       |             |
| Diluted                                             |            |                             | 7,472      |            |            |                            | 7,464      |            |             |             | 7,467       |             |             |             | 7,474       |             |
|                                                     |            |                             |            |            |            |                            |            |            |             |             |             |             |             |             |             |             |

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English News:
**Microsoft Surpasses Expectations with Strong Revenue Growth in Q3** Microsoft has reported impressive financial results for the third quarter, unveiling a 17% increase in total revenue to $61.9 billion, thus surpassing Wall Street's consensus estimate of $60.80 billion. This robust performance is primarily attributed to the company's Azure cloud computing services, which experienced a 31% rise in revenue. Azure's growth outpaced the market's projection of a 29% increase, highlighting Microsoft's strong foothold in the cloud services sector. A notable aspect of Microsoft's third-quarter results is its significant boost in capital expenditures, which reached $14 billion. This figure exceeded analysts' expectations by $1 billion and underscores Microsoft's strategic focus on AI-driven initiatives. The company has intensified its investment in AI technologies, aiming to enhance its product suite through partnerships with leading entities like OpenAI. Notably, Microsoft's collaboration with OpenAI focuses on integrating generative AI tools, such as Copilot, which is expected to enhance productivity and user experience across its software offerings. Despite ramping up its spending, Microsoft reported net income of $21.9 billion for the third quarter, an increase from $18.3 billion in the same period last year. This rise in net income indicates that Microsoft's revenue and earnings growth outperformed its rising expenses, highlighting the company's efficient financial management and strategic investment decisions. Microsoft's strong performance in the third quarter reflects its commitment to staying at the forefront of technological advancements while delivering substantial value to its shareholders. As the tech giant continues to invest in AI and cloud computing, its financial outlook remains promising.

Chinese News:
微软三季报财报揭秘：AI已成为变现利器？ 微软最新公布的2024财年截至3月31日的第三财季业绩显示，营业收入619亿美元，增长17%，高于市场预期的609亿美元。净利润为219.4亿美元，高于去年同期的183亿美元，每股收益2.94美元，超过华尔街2.82美元的目标。 微软预计，公司下财季营收将达到635亿美元至645亿美元之间，略低于分析师预期的647亿美元。 值得关注的是，本季度微软云收入为351亿美元，同比增长23%，其中上线Azure OpenAI的Azure和其他云服务赠长31%。在Azure增长中，有7个百分点与AI相关，高于上一季度的6个百分点。 微软首席财务官胡德说：“容量瓶颈影响了Azure增长的人工智能部分，微软一直在增加资本支出以确保英伟达显卡于训练和运行人工智能模型的图形处理单元。” 此外，微软董事长CEO萨蒂亚·纳德拉表示：“Microsoft Copilot和Copilot堆栈正在精心策划人工智能转型的新时代，推动每个角色和行业取得更好的业务成果。” ▍AI带动业务全面增长 业务方面，微软的生产力和业务流程，智能云和个人计算都能看到其在AI领域的布局。三项业务中，微软搭载AI引擎的产品包括集成了ChatGPT的必应，接入了Copilot的Office 365，和上线了Azure OpenAI服务的Azure。那么这些业务和产品表现如何，AI给微软带来多少创收呢？ 微软在2023年2月上线GPT4大模型加持的新必应，目前市占率已经从2023年的2.97%增长到2024年一月的3.42%。微软已经在newbing的一些回答中插入广告来实现创收。根据最新季报，搜索与广告的收入增长12%，超出预期，AI对该业务做出了正向贡献。不过，搜索与广告营收占比较小，对业绩增长贡献有限。 再来看受AI影响的Office业务，2023年11月Microsoft 365 Copilot企业版正式上线，微软宣布GPT-4以Copilot的方式接入Office全家桶。微软电话会议中披露，在B端，近60%的500强企业目前都在使用Copilot，Offcie365商业收入增长15%，主要得益于ARPU增长和Copilot的进展。据瑞士信贷估计，如果现有付费商用用户中的10%升级为Copilot版本，那么未来5年将可以产生149亿美元收入。 LIVY投资研究表示，在Copilot全面普及后，每位用户每月30美元的高级Copilot订阅费用将为微软带来1,440亿美元的增量收入，考虑到长期预期的价格上涨，增量收入可能更大。 除了Microsoft 365 的 Copilot附加组件之外，微软还对GitHub Copilot收取每月10美元到39美元的费用。截止到第三季度，GitHub Copilot付费订阅者目前超过120万，环比增长30%。 迄今为止，该公司尚未披露Copilot的销售额或用户数据，Office365商业增长15%，市场对Copilot的创收能力持续看好。 云业务方面，本季度微软云收入为351亿美元，已实现连续三个季度增长，也是本次微软财报最超预期的点。云业务是微软最大的收入驱动力，其中包括Azure计算平台。剔除货币波动的影响后，Azure的收入增长了31%，高于市场研究公司Visible Alpha 29%的增长预期。人工智能加成后，Azure在B端获得的收入增加，目前有65%以上的世界500强公司在使用使用Azure的开放AI服务。 微软首席财务官胡德表示，微软与使用Azure的公司达成的交易规模正在不断增长。不过，她警告说，微软对基于消费的云人工智能服务的需求正在供不应求。人工智能算力的限制可能会阻碍销售额的增长。她还表示，微软打算扩大规模，以满足对云和人工智能产品不断增长的需求。 微软投资者关系副总裁布雷特·伊弗森（Brett Iversen）表示：“我们继续看到客户需求大幅增长。因此，我们确保根据这一情况扩大我们的可用产能。” ▍资本支出激增 在季度报电话会上，微软本季度的资本支出为140亿美元，主要用于公司的云需求和AI基础设施的建设。考虑到对人工智能的需求仍然非常强劲，该公司预计未来资本支出将继续大幅增长。尽管公司的资本支出大幅增加，但公司仍预计2024财年营业利润率同比增长2%。 Emarketer公司高级主管杰里米-戈德曼（Jeremy Goldman）说道，微软以人工智能为动力的财报表明，加倍努力的创新正在取得成效。他指出了该公司在生成式人工智能领域的早期举措，例如对ChatGPT制造商OpenAI的大量投资。 总体来看，AI需求侧一如既往表现强劲，微软对AI的持续布局已经在营收上有了正向的体现。IDC分析师Wayne Kurtzman曾表示：“人工智能还是个新生事物，没人知道该如何定价。没人知道消费会是多少。”关于谷歌的AI变现之路将如何发展，值得长期关注。

Japanese News:
EPS実績は市場予想を上回った 米国時間4月25日引け後に、「Office」や「ウインドウズ」、クラウドソフトの「Azure(アジュール)」などで知られるソフトウェア企業であるマイクロソフト(MSFT US)が2024年1-3月期(2024.6期第3四半期)決算を発表しました。売上高は市場予想を1.7%上回り、EPSは市場予想を4.3%上回りました。 AIが成長をけん引 部門別売上高実績は、各部門とも市場予想を上回りました。クラウド部門は、利用量ベースで課金するAIサービスの需要の堅調などにより、アジュール及びその他クラウドサービスの売上高が前年同期比で31％成長したことがけん引しました。 ビジネスソフト部門は、商用Officeの利用数の増加が継続しました。会社は、AIアシスタントのマイクロソフト・コパイロットやその開発者ツールがビジネス成果を向上させているとコメントしました。 売上高とEPSの推移 株価は時間外取引で上昇 マイクロソフトの株価は、前日比2.45%安で引けた後、決算発表後の時間外取引では、終値比5.00%高の419.01ドルで推移しています(NY時間18:02)。当社が主導する生成AIサービスの実用化が順調に業績成長に寄与したためと考えられます。また、決算説明会で発表された2024年4-6月期の部門別四半期見通しは全体では市場予想を下回ったものの、発表された直後に時間外取引で株価は一段高となりました。成長が注目されるクラウド部門が市場予想を上回ったためと推察されます。

Spanish News:
"Microsoft ha superado las previsiones de ventas y beneficios en su último trimestre, impulsada por la creciente demanda de sus servicios en la nube y su oferta de inteligencia artificial (IA). Los ingresos de la compañía aumentaron un 17%, alcanzando los 61.858 millones de dólares, mientras que los beneficios de explotación crecieron un 23%, sumando 27.581 millones de dólares. El beneficio neto de la empresa se elevó a 21.939 millones de dólares, lo que representa un aumento del 20%. Este resultado se convierte en el segundo trimestre más rentable en la historia de la compañía, solo por detrás de su trimestre récord anterior. Satya Nadella, CEO de Microsoft, destacó que las tecnologías Copilot y Copilot Stack están liderando una nueva era de transformación empresarial impulsada por la IA, mejorando los resultados en todos los sectores y funciones empresariales. En los primeros nueve meses del ejercicio fiscal, los ingresos crecieron un 16%, alcanzando los 180.395 millones de dólares, mientras que el beneficio neto aumentó un 26%, sumando 66.100 millones de dólares. Microsoft continúa posicionándose como líder en inteligencia artificial gracias a su inversión en OpenAI, y su negocio de computación en la nube sigue expandiéndose. Esta apuesta ha sido recompensada por el mercado, con un aumento del 35% en el valor de sus acciones en los últimos 12 meses, convirtiendo a la compañía en la más valiosa del mundo, superando a Apple, con una capitalización cercana a los tres billones de dólares. La integración de la tecnología de IA de OpenAI en toda la línea de productos de Microsoft ha permitido a los clientes incorporar herramientas de IA que ayudan a resumir documentos, generar contenido para aplicaciones de productividad como Office 365 y potenciar sus suscripciones a la nube Azure, lo que a su vez incrementa la adopción de sus servicios en la nube. En el sector de la nube, los ingresos de Microsoft Cloud ascendieron a 35.100 millones de dólares, un incremento del 23%, impulsado por el sólido desempeño de sus equipos de ventas y socios. En la división de computación en la nube, los ingresos fueron de 26.708 millones de dólares, con un crecimiento del 21%, principalmente por el aumento del 31% en los ingresos de Azure y otros servicios en la nube, clave para su oferta de IA. Además, en el área de Productividad y Procesos Empresariales, los ingresos crecieron un 12%, alcanzando los 19.570 millones de dólares, impulsados por un aumento del 13% en los servicios de Office para empresas y un crecimiento del 4% en los productos de consumo. Los ingresos de LinkedIn aumentaron un 10%, mientras que los de Dynamics 365 se incrementaron en un 19%. En el ámbito de la computación personal, los ingresos llegaron a 15.580 millones de dólares, con un aumento del 17%. Los ingresos de Windows crecieron un 11%, mientras que los de dispositivos cayeron un 17%. Por otro lado, los ingresos por contenidos y servicios de Xbox aumentaron un impresionante 62%, principalmente gracias a la adquisición de Activision Blizzard. Microsoft completó la compra de Activision Blizzard por 69.000 millones de dólares a finales de 2023, después de una larga batalla con los reguladores de Estados Unidos, Reino Unido y la Unión Europea. Esta operación se ha convertido en la mayor adquisición de Satya Nadella desde que asumió la dirección de la empresa y la más grande en el sector de tecnología de consumo desde la compra de Time Warner por AOL hace más de 20 años. En el tercer trimestre del ejercicio fiscal 2024, Microsoft devolvió 8.400 millones de dólares a los accionistas en forma de recompra de acciones y dividendos."

Greek News:
Ισχυρά οικονομικά αποτελέσματα κατέγραψε η Microsoft για το τρίτο τρίμηνο του οικονομικού της έτους, ξεπερνώντας τις προσδοκίες της Wall Street. Τα συνολικά έσοδα της εταιρείας διαμορφώθηκαν στα 61,9 δισ. δολάρια, σημειώνοντας αύξηση 17% σε ετήσια βάση. Η ανάπτυξη ήταν ευρεία, αγγίζοντας όλες τις βασικές επιχειρηματικές μονάδες. Το cloud computing μέσω της πλατφόρμας Azure ενίσχυσε τη συνεισφορά του με ετήσια αύξηση 31%, ενώ η ενότητα gaming, με επίκεντρο το XBOX, παρουσίασε άλμα 62%. Παράλληλα, οι άδειες για το λογισμικό Windows κατέγραψαν αύξηση 11%, αντανακλώντας ισχυρή ζήτηση στην αγορά προσωπικών υπολογιστών. Σε συνέχεια των θετικών αποτελεσμάτων, η μετοχή της Microsoft σημείωσε άνοδο 5% στις χρηματιστηριακές συναλλαγές, υποδηλώνοντας την εμπιστοσύνη των επενδυτών στις μελλοντικές προοπτικές της εταιρείας.

Question:
What is the company's R&D ratio (R&D divided by revenue)? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:

Question: What is the company's R&D ratio (R&D divided by revenue)? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.