Two biggest things Microsoft CFO Amy Hood told employees in her quarterly memo

Microsoft CFO Amy Hood addressed employees in an internal memo following the company’s strong first-quarter results, which saw revenue hit $77.7 billion—an 18% year-over-year increase that exceeded Wall Street expectations. The memo, obtained by Business Insider, emphasized Microsoft’s massive infrastructure investment of $34.9 billion in capital expenditures for GPUs, CPUs, and datacenter infrastructure to meet accelerating AI demand.

Microsoft bets big on AI infrastructure as cloud revenue surges