以下为 微软 2025 财年第 3 季度业绩说明电话会纪要，财报解读请见《Azure 再度雄起，微软重回 AI 顶梁柱》 1、财报核心信息回顾： | Microsoft earnings summary | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Actual | unit: $ 100mn | 1Q24A | 2Q24A | 3Q24A | 4Q24A | 1Q25 | 2025 | 3025 | vs. Est. | 3Q25E | | | | | | | | | | | રહટ | 620 | 647 | 701 | 2.3% | Total revenue | 619 | 656 | 696 | ୧୫୧ | YoY | 12.8% | 17.6% | 17.0% | 15.2% | 16.0% | 123% | 13.3% ...