{"id":367,"date":"2026-10-29T07:37:30","date_gmt":"2026-10-28T22:37:30","guid":{"rendered":"https:\/\/www.arphile.net\/?p=367"},"modified":"2026-10-29T07:37:32","modified_gmt":"2026-10-28T22:37:32","slug":"261029-microsoft-q3-%ec%96%b4%eb%8b%9d%ec%bd%9c-%ec%a0%95%eb%a6%ac","status":"publish","type":"post","link":"https:\/\/www.arphile.net\/?p=367","title":{"rendered":"[261029] Microsoft Q3 \uc5b4\ub2dd\ucf5c \uc815\ub9ac"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. \uc2e4\uc801 \uc694\uc57d<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\ud56d\ubaa9<\/th><th>\uae08\uc561<\/th><\/tr><\/thead><tbody><tr><td>\ub9e4\ucd9c<\/td><td><strong>$923\uc5b5 (+19%)<\/strong><\/td><\/tr><tr><td>\uc601\uc5c5\uc774\uc775 \/ EPS<\/td><td>+21% \/ +18%, \uc601\uc5c5\uc774\uc775\ub960 \uc57d 50%<\/td><\/tr><tr><td>\ub9e4\ucd9c\ucd1d\uc774\uc775\ub960<\/td><td>68%<\/td><\/tr><tr><td>Microsoft Cloud \ub9e4\ucd9c<\/td><td><strong>$639\uc5b5 (+30%)<\/strong>, \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 66%(\ud558\ub77d)<\/td><\/tr><tr><td>CAPEX<\/td><td>$452\uc5b5(\uc77c\ubd80 \ub0a9\ud488 \uc9c0\uc5f0), \uae08\uc735\ub9ac\uc2a4 $74\uc5b5<\/td><\/tr><tr><td>\uc601\uc5c5\ud604\uae08\ud750\ub984 \/ FCF<\/td><td>$580\uc5b5(+29%) \/ $186\uc5b5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ub9e4\ucd9c, \uc601\uc5c5\uc774\uc775, EPS \ubaa8\ub450 \uc608\uc0c1\uc744 \ub118\uc5c8\uc74c<\/li>\n\n\n\n<li>CAPEX\uc758 \uc57d 3\/4\uc740 \uc11c\ubc84\u00b7GPU \uac19\uc740 AI \uc778\ud504\ub77c\uc6a9 \ub2e8\uae30 \uc790\uc0b0\uc774\uc5c8\uc74c\n<ul class=\"wp-block-list\">\n<li>\ucc38\uace0\ucc28, \uc5f0\uac04 CAPEX \uac00\uc774\ub358\uc2a4\ub294 ~$1,900\uc5b5 \u2192 $1,700\uc5b5\uc73c\ub85c \ud558\ud5a5. <br>\ub2e4\ub9cc \ub9ac\uc2a4 \ud68c\uacc4 \ubcc0\uacbd(\uae08\uc735\u2192\uc6b4\uc601\ub9ac\uc2a4 \uc804\ud658)\uacfc \uc678\ubd80 \ub370\uc774\ud130\uc13c\ud130 \uc778\ub3c4 \uc9c0\uc5f0 \uc601\ud5a5\uc774\uace0 \uc218\uc694 \uac10\uc18c\ub294 \uc544\ub2d8. <br>\ud558\ubc18\uae30\uc5d4 \uba54\ubaa8\ub9ac\u00b7\uc2a4\ud1a0\ub9ac\uc9c0 \uac00\uaca9 \uc0c1\uc2b9 \ub4f1\uc73c\ub85c \ub2e4\uc2dc \uac00\uc18d \uc608\uc815.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2. CEO \ubc1c\ud45c: Copilot\uacfc \uc5d0\uc774\uc804\ud2b8<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Copilot\uc744 Chat\u00b7Cowork\u00b7Autopilot\u00b7Code\ub97c \ud569\uce5c \uc5c5\ubb34\uc6a9 \ud1b5\ud569 \ud50c\ub7ab\ud3fc\uc73c\ub85c \uac1c\ud3b8\ud588\uc74c\n<ul class=\"wp-block-list\">\n<li>\uc0ac\uc6a9\uc790 \uc218\ub294 \uc804\ubd84\uae30 \ub300\ube44 \uc57d +50%, \uc804\ub144 \ub300\ube44 5\ubc30 \uc774\uc0c1\uc784<\/li>\n\n\n\n<li>5\ub9cc \uc11d \uc774\uc0c1 \ub300\ud615 \uace0\uac1d\uc740 \uc804\ub144 \ub300\ube44 8\ubc30 \uc774\uc0c1 \ub298\uc5c8\uc74c<\/li>\n\n\n\n<li>\uc0ac\uc6a9\ub7c9 \uacfc\uae08 \uace0\uac1d\uc740 \uc804\ubd84\uae30 \ub300\ube44 +75% \uc774\uc0c1\uc784<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>GitHub<\/strong>\n<ul class=\"wp-block-list\">\n<li>\uc5d0\uc774\uc804\ud2b8\uac00 \ub9cc\ub4e0 PR(\ucf54\ub4dc \ubcc0\uacbd \uc694\uccad)\uc774 6\uac1c\uc6d4 \uc0c8 6\ubc30 \ub298\uc5b4 \uc804\uccb4\uc758 1\/3\uc744 \ub118\uc5c8\uc74c<\/li>\n\n\n\n<li>Copilot Fusion\uc744 \ub0b4\ub1a8\uace0, \uc18d\ub3c4\ub294 \ucd5c\ub300 +40%, \ube44\uc6a9\uc740 \ucd5c\ub300 \u221277%\ub77c\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Foundry(AI \uc571\u00b7\uc5d0\uc774\uc804\ud2b8 \uac1c\ubc1c \ud50c\ub7ab\ud3fc)<\/strong>\n<ul class=\"wp-block-list\">\n<li>\uace0\uac1d 12\ub9cc \uacf3 \uc774\uc0c1, \ub9e4\ucd9c\uc740 \uc804\ub144 \ub300\ube44 3\ubc30 \uc774\uc0c1\uc784<\/li>\n\n\n\n<li>\uc790\uccb4 \ubaa8\ub378(MAI \uc2dc\ub9ac\uc988)\uc744 \ucd9c\uc2dc\ud588\uace0, \uccab \ub2ec\uc5d0 \uace0\uac1d 4\ucc9c \uacf3 \uc774\uc0c1\uc774 \uc0ac\uc6a9\ud588\uc74c<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Agent 365<\/strong>: \ub4f1\ub85d\ub41c \uc5d0\uc774\uc804\ud2b8\uac00 5\ucc9c\ub9cc \uac1c\ub97c \ub118\uc5c8\uc74c(\uc804\ubd84\uae30 \ub300\ube44 +30% \uc774\uc0c1)<\/li>\n\n\n\n<li><strong>\uc778\ud504\ub77c<\/strong>\n<ul class=\"wp-block-list\">\n<li>\ub370\uc774\ud130\uc13c\ud130 24\uacf3\uc744 \ucd94\uac00\ud588\uc74c<\/li>\n\n\n\n<li>GPU \ub0a9\ud488 \ub300\uae30 \uae30\uac04\uc744 \uc57d 20% \uc904\uc600\uc74c<\/li>\n\n\n\n<li>\uc790\uccb4 \uce69 Maia 200\uc740 \uc804\ub825\ub2f9 \ucc98\ub9ac\ub7c9\uc774 \ucd5c\ub300 1.7\ubc30\uc774\uace0, Maia 300\uc740 \uadf8\ubcf4\ub2e4 40% \ub354 \uac1c\uc120\ub420 \uc608\uc815\uc784<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\uac8c\uc784\uc740 Minecraft\uac00 \ucc38\uc5ec\ub3c4\uc640 \ub9e4\ucd9c \ubaa8\ub450 \uc0ac\uc0c1 \ucd5c\uace0\uc600\uc74c<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\ubd80\ubb38<\/th><th>\ub0b4\uc6a9<\/th><\/tr><\/thead><tbody><tr><td>\uc5d0\uc774\uc804\ud2b8\u00b7\uc778\ud504\ub77c<\/td><td>\ub9e4\ucd9c $768\uc5b5(+25%)<\/td><\/tr><tr><td>Azure<\/td><td><strong>+48%<\/strong><\/td><\/tr><tr><td>M365 \uc0c1\uc5c5\uc6a9 \ud074\ub77c\uc6b0\ub4dc<\/td><td>+18% (\uc720\ub8cc \ub77c\uc774\uc120\uc2a4+5%, \ub77c\uc774\uc120\uc2a4\ub2f9 \ub9e4\ucd9c \uc0c1\uc2b9)<\/td><\/tr><tr><td>M365 \uc18c\ube44\uc790 \ud074\ub77c\uc6b0\ub4dc<\/td><td>+17%<\/td><\/tr><tr><td>\uc0dd\uc0b0\uc131\u00b7\uc11c\ubc84 \ub77c\uc774\uc120\uc2a4<\/td><td>\u22123% \/ \u22122%<\/td><\/tr><tr><td>Xbox\u00b7Windows<\/td><td>\ub9e4\ucd9c \uac10\uc18c, \ud558\uc9c0\ub9cc \ube44\uc6a9 \uc808\uac10\uc73c\ub85c \uc601\uc5c5\uc774\uc775 +2%(\uc774\uc775\ub960 35%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\uc0c1\uc5c5\uc6a9 \uc218\uc8fc\uc794\uace0 $6,770\uc5b5(+73%)<\/strong>, 12\uac1c\uc6d4 \uc548\uc5d0 \ub9e4\ucd9c\ub85c \uc7a1\ud790 \ubd80\ubd84\ub3c4 +29%\uc784<\/li>\n\n\n\n<li>\uc0c1\uc5c5 \uc608\uc57d(\uc2e0\uaddc \uacc4\uc57d)\uc740 \u221212%\uc600\uc74c. \uc791\ub144 \ub300\ud615 Azure \uacc4\uc57d \uae30\uc800\ud6a8\uacfc \ub54c\ubb38\uc784<\/li>\n\n\n\n<li>\uc720\ud734 GPU\u00b7CPU\ub97c \ud6a8\uc728\ud654\ud574 \ub354 \ub9ce\uc740 \uace0\uac1d\uc744 \ubc1b\uc558\uace0, \ud1a0\ud070\ub2f9 \ub9e4\ucd9c\ub3c4 \uc62c\ub77c\uc11c \uc2e4\uc801\uc5d0 \uae30\uc5ec\ud588\uc74c<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4. 2\ubd84\uae30 \uac00\uc774\ub358\uc2a4\uc640 \uc804\ub9dd<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\ub9e4\ucd9c $960~971\uc5b5(+18~19%)<\/strong><\/li>\n\n\n\n<li><strong>Azure +49~50%(\uace0\uc815\ud658\uc728).<\/strong> \uc218\uc694\uac00 \uacf5\uae09\ubcf4\ub2e4 \ub9ce\uc740 \uc0c1\ud669\uc774 \uacc4\uc18d\ub420 \uac83\uc73c\ub85c \ubd24\uc74c\n<ul class=\"wp-block-list\">\n<li>\uc678\ubd80 GPU \uc11c\ube44\uc2a4 \uacc4\uc57d \uc77c\ubd80\uac00 \ud558\ubc18\uae30\ub85c \ubc00\ub838\uc9c0\ub9cc, \ud6a8\uc728 \uac1c\uc120\uc73c\ub85c \uba54\uc6b4\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>M365 \uc0c1\uc5c5\uc6a9 \ud074\ub77c\uc6b0\ub4dc \uc57d +19%(\uace0\uc815\ud658\uc728)<\/li>\n\n\n\n<li>Microsoft Cloud \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960\uc740 \uc57d 65%\ub85c, \uc870\uae08 \ub354 \ub0b4\ub824\uac08 \uc608\uc815\uc784<\/li>\n\n\n\n<li>Windows OEM\u00b7\uae30\uae30 \ub9e4\ucd9c\uc740 30% \uc911\ubc18\ub300 \uac10\uc18c\uac00 \uc5f0\ub9d0\uae4c\uc9c0 \uc774\uc5b4\uc9c8 \uc608\uc815\uc784(PC \uc218\uc694 \uc57d\uc138, \uc7ac\uace0)<\/li>\n\n\n\n<li>\uc9c1\uc6d0 \uc790\ubc1c\uc801 \ud1f4\uc9c1 \ud504\ub85c\uadf8\ub7a8 \ube44\uc6a9\uc774 \uc788\uc5b4\uc11c \uc601\uc5c5\uc774\uc775\ub960\uc740 \uc18c\ud3ed \ud558\ub77d\ud560 \uc608\uc815\uc784<\/li>\n\n\n\n<li><strong>FY27 CAPEX\ub294 \uc57d $1,700\uc5b5.<\/strong> \uc678\ubd80 \ub370\uc774\ud130\uc13c\ud130 \uc778\ub3c4\uac00 \ub2a6\uc5b4\uc838\uc11c \uc774 \uc218\uc900\uc73c\ub85c \ubd24\uc74c\n<ul class=\"wp-block-list\">\n<li><strong>\ud558\ubc18\uae30\uc5d4 CPU\u00b7GPU\uc640 \uba54\ubaa8\ub9ac\u00b7\uc2a4\ud1a0\ub9ac\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc73c\ub85c CAPEX\uac00 \ub298\uc5b4\ub0a0 \uc608\uc815\uc784<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>FCF \ud751\uc790\ub294 \uc720\uc9c0\ud558\uace0, \ud544\uc694\ud558\uba74 \ubd80\ucc44\ub098 \ub9ac\uc2a4\ub85c \ucd94\uac00 \uc790\uae08\uc744 \uc870\ub2ec\ud560 \uacc4\ud68d\uc784<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">5. \uc218\uc8fc\uc794\uace0\uc640 AI \uc218\uc694<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc0c1\uc5c5\uc6a9 \uc218\uc8fc\uc794\uace0\ub294 $6,770\uc5b5(+73%)\uc784<\/li>\n\n\n\n<li>\uc0ac\uc6a9\ub7c9 \uacfc\uae08\uc774 \ucee4\uc9c0\uba74\uc11c \uc88c\uc11d\ub2f9 \ub9e4\ucd9c\uacfc \uc804\uccb4 \uc2dc\uc7a5 \uaddc\ubaa8\uac00 \uac19\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4\uace0 \ud568<\/li>\n\n\n\n<li>\ud68c\uc0ac\uac00 \u201cAI \uc2dc\uc7a5\uc740 \ud654\uc81c\uc131\ubcf4\ub2e4 \uae30\uc5c5\uc6a9 \uc2e4\uc81c \uc5c5\ubb34 \uc911\uc2ec\uc73c\ub85c \uc7ac\ud3b8 \uc911\u201d\uc774\ub77c\uace0 \ubd24\uc74c<\/li>\n\n\n\n<li><strong>\uc774\ubc88 \ubd84\uae30\uc5d4 Copilot \ub77c\uc774\uc120\uc2a4 \uc218\ub97c \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\uc74c.<\/strong> \ub9e4\ucd9c\uacfc \uc0ac\uc6a9\ub7c9 \uc99d\uac00 \ud750\ub984\ub9cc \ub9d0\ud588\uc74c\n<ul class=\"wp-block-list\">\n<li>\ucc38\uace0\ud558\uba74 \uc88b\uc744\uae00 :<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-09-25\/microsoft-abandons-personal-ai-chatbot-race-with-copilot-reboot\" data-type=\"link\" data-id=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-09-25\/microsoft-abandons-personal-ai-chatbot-race-with-copilot-reboot\"> Microsoft, Copilot \uac1c\ud3b8\uc73c\ub85c \uac1c\uc778\uc6a9 AI \ucc57\ubd07 \uacbd\uc7c1\uc5d0\uc11c \ucca0\uc218(\ube14\ub8f8\ubc84\uadf8:\uc720\ub8cc)<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">6. \uc8fc\uc8fc\ud658\uc6d0 \/ \uc7ac\ubb34<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc774\ubc88 \ucf5c\uc5d0\uc11c\ub294 \ubc30\ub2f9\uc774\ub098 \uc790\uc0ac\uc8fc \ub9e4\uc785 \uad00\ub828 \uc0c8\ub85c\uc6b4 \ub0b4\uc6a9\uc774 \uc5c6\uc5c8\uc74c<\/li>\n\n\n\n<li>\uc790\uae08 \uc870\ub2ec\uc740 \ub9ac\uc2a4\uc640 \ubd80\ucc44 \ub4f1 \uc5ec\ub7ec \ubc29\ubc95\uc744 \uc720\uc5f0\ud558\uac8c \uc4f0\uaca0\ub2e4\uace0 \ud568. FCF \ud751\uc790\uc640 CAPEX \uc218\uc775\uc131\uc5d0 \uc790\uc2e0 \uc788\ub2e4\uace0 \ud588\uc74c<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">7. \uc9c8\uc758\uc751\ub2f5 \ud575\uc2ec<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\uc9c8\ubb38<\/th><th>\ub2f5\ubcc0 \uc694\uc57d<\/th><\/tr><\/thead><tbody><tr><td>AI \uc99d\uc124 \ud6a8\uacfc\ub294 Azure \ud6a8\uc728\uc5d0\uc11c \ub098\uc624\ub098, Copilot \uc218\uc775\ud654\uc5d0\uc11c \ub098\uc624\ub098?<\/td><td>\ud2b9\uc815 \uc0ac\uc5c5\uc774 \uc544\ub2c8\ub77c \uc804\uccb4 \uc0ac\uc5c5\uc5d0\uc11c \uac19\uc774 \ub098\uc628\ub2e4\uace0 \ud568. <br>\uc778\ud504\ub77c\ub97c \ud558\ub098\ub85c \ubb36\uc5b4 \uc218\uc694 \uc2e0\ud638\uc5d0 \ub530\ub77c \ubc30\ubd84\ud568<\/td><\/tr><tr><td>Azure 2\ubd84\uae30 +49~50% \uac00\uc774\ub358\uc2a4 \uadfc\uac70\ub294?<\/td><td>1\ubd84\uae30\uc5d0 GPU\u00b7CPU\u00b7\uc2a4\ud1a0\ub9ac\uc9c0\u00b7\uba54\ubaa8\ub9ac \uc804\ubc18\uc744 \ud6a8\uc728\ud654\ud55c \ud6a8\uacfc\uac00 \uc774\uc5b4\uc9c4\ub2e4\uace0 \ubd24\uc74c. <br>\ud1a0\ud070 \uac00\uaca9\uc740 \ubcc0\ub3d9\uc774 \uc788\uc9c0\ub9cc \uac00\uc774\ub358\uc2a4\uc5d4 \uc790\uc2e0 \uc788\ub2e4\uace0 \ud568<\/td><\/tr><tr><td>\uae30\uc5c5 \uace0\uac1d\uacfc AI \uc2a4\ud0c0\ud2b8\uc5c5 \ube44\uc911\uc740? \uc5d0\uc774\uc804\ud2b8 \ub3c4\uc785 \ucd94\uc138\ub294?<\/td><td>Unilever, Rolls-Royce \ub4f1 \uae30\uc5c5\uc774 \uc790\ub3d9\ud654 \uc2dc\uc2a4\ud15c\uc744 \uc4f0\uace0 \uc788\ub2e4\uace0 \ud568. <br>\uc18c\uc218 \ub300\ud615 \uace0\uac1d\uc5d0 \uae30\ub300\uc9c0 \uc54a\uace0 \uace0\uac1d \uc800\ubcc0\uc744 \ub113\ud788\ub294 \uac8c \ud575\uc2ec\uc774\ub77c\uace0 \ud568<\/td><\/tr><tr><td>\uc790\uccb4 \ubaa8\ub378(MAI)\uc774 \ub098\uc624\uba74 OpenAI \ube44\uc911\uacfc \ud1a0\ud070 \uac00\uaca9\uc740?<\/td><td>\uace0\uac1d\uc774 \ucd5c\uc0c1\uc704 \ubaa8\ub378, \uc624\ud508\uc6e8\uc774\ud2b8, MAI \uc911 \uac00\uaca9\uacfc \uc6a9\ub3c4\uc5d0 \ub530\ub77c \uace0\ub974\ub294 \uad6c\uc870\ub77c\uace0 \ud568.<br>\uc5ec\ub7ec \ubaa8\ub378\uc744 \uac19\uc774 \uc4f0\ub294 \uc218\uc694\uac00 \ud06c\ub2e4\uace0 \ud568<\/td><\/tr><tr><td>\uc601\uc5c5\uc774\uc775\ub960 50%\ub97c \uc5b4\ub5bb\uac8c \uc720\uc9c0\ud558\ub098?<\/td><td>\ube44\uc6a9\uc744 \uc904\uc774\uae30\ubcf4\ub2e4 \ub9e4\ucd9c \uc131\uc7a5\uc774 \uba3c\uc800\ub77c\uace0 \ud568. <br>\ud6a8\uc728\ud654\ub85c \uc0dd\uae34 \uc5ec\uc720\ub294 \uc2e0\uc0ac\uc5c5, \ubcf4\uc548, \ud488\uc9c8\uc5d0 \uc4f4\ub2e4\uace0 \ud568<\/td><\/tr><tr><td>M365\ub3c4 GitHub\ucc98\ub7fc \uc0ac\uc6a9\ub7c9 \uacfc\uae08\uc73c\ub85c \ube60\ub974\uac8c \ucee4\uc9c8\uae4c?<\/td><td>\ucf54\ub529\uc740 \uc0ac\uc6a9\ub7c9 \uacfc\uae08\uc744 \uc798 \ubc1b\uc544\ub4e4\uc774\ub294 \uc2dc\uc7a5\uc774\ub77c\uace0 \ud568. <br>M365\ub294 \uad6c\ub3c5\uacfc \uc0ac\uc6a9\ub7c9 \uacfc\uae08 \uc911 \uace0\uac1d\uc774 \uace0\ub974\uac8c \ud558\uace0, \uc601\uc5c5 \ubc29\uc2dd\uc744 \uc190\ubcf4\ub294 \uc911\uc774\ub77c\uace0 \ud568<\/td><\/tr><tr><td>\uc790\uae08 \uc870\ub2ec\uc740 \ubd80\ucc44\uc778\uac00 \uc8fc\uc2dd\uc778\uac00?<\/td><td>\ub9ac\uc2a4\uc640 \ubd80\ucc44 \ub4f1 \uc120\ud0dd\uc9c0\uac00 \ub9ce\uace0, \uc870\uac74\uc774 \uc88b\uc744 \ub54c \ud65c\uc6a9\ud55c\ub2e4\uace0 \ud568. <br>Copilot \uc218\uce58\ub294 \uc774\ubc88\uc5d0 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\uace0 \ud655\uc778\ud568<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. \uc2e4\uc801 \uc694\uc57d \ud56d\ubaa9 \uae08\uc561 \ub9e4\ucd9c $923\uc5b5 (+19%) \uc601\uc5c5\uc774\uc775 \/ EPS +21% \/ +18%, \uc601\uc5c5\uc774\uc775\ub960 \uc57d 50% \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 68% Microsoft Cloud \ub9e4\ucd9c $639\uc5b5 (+30%), \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 66%(\ud558\ub77d) CAPEX $452\uc5b5(\uc77c\ubd80 \ub0a9\ud488 \uc9c0\uc5f0), \uae08\uc735\ub9ac\uc2a4 $74\uc5b5 \uc601\uc5c5\ud604\uae08\ud750\ub984 \/ FCF $580\uc5b5(+29%) \/ $186\uc5b5 2. CEO \ubc1c\ud45c: Copilot\uacfc \uc5d0\uc774\uc804\ud2b8 3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80 \ubd80\ubb38 \ub0b4\uc6a9 \uc5d0\uc774\uc804\ud2b8\u00b7\uc778\ud504\ub77c \ub9e4\ucd9c $768\uc5b5(+25%) Azure +48% M365 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[38],"tags":[94,100,102],"class_list":["post-367","post","type-post","status-publish","format-standard","hentry","category-38","tag-94","tag-100","tag-microsoft"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"blogsy-small":false,"blogsy-small-tall":false,"blogsy-small-square":false,"blogsy-small-masonry":false,"blogsy-medium":false,"blogsy-medium-masonry":false,"blogsy-large":false,"blogsy-wide":false},"uagb_author_info":{"display_name":"Arphile","author_link":"https:\/\/www.arphile.net\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"1. \uc2e4\uc801 \uc694\uc57d \ud56d\ubaa9 \uae08\uc561 \ub9e4\ucd9c $923\uc5b5 (+19%) \uc601\uc5c5\uc774\uc775 \/ EPS +21% \/ +18%, \uc601\uc5c5\uc774\uc775\ub960 \uc57d 50% \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 68% Microsoft Cloud \ub9e4\ucd9c $639\uc5b5 (+30%), \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 66%(\ud558\ub77d) CAPEX $452\uc5b5(\uc77c\ubd80 \ub0a9\ud488 \uc9c0\uc5f0), \uae08\uc735\ub9ac\uc2a4 $74\uc5b5 \uc601\uc5c5\ud604\uae08\ud750\ub984 \/ FCF $580\uc5b5(+29%) \/ $186\uc5b5 2. CEO \ubc1c\ud45c: Copilot\uacfc \uc5d0\uc774\uc804\ud2b8 3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80 \ubd80\ubb38 \ub0b4\uc6a9 \uc5d0\uc774\uc804\ud2b8\u00b7\uc778\ud504\ub77c \ub9e4\ucd9c $768\uc5b5(+25%) Azure +48% M365&hellip;","_links":{"self":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=367"}],"version-history":[{"count":1,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/367\/revisions"}],"predecessor-version":[{"id":368,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/367\/revisions\/368"}],"wp:attachment":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}