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• Thanks for taking the question, and also congrats to me on a very strong end to the year.
• M365 consumer cloud revenue increased 24%, and 22% in constant currency, again driven by ARPU growth.
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• Across both our high-value agentic experiences and the AI platform and infrastructure, we are focused on helping customers turn AI into measurable outcomes.

All up, GitHub now has 225 million users as organizations across every industry, including over 90% of the Fortune 500, choose GitHub for their AI-powered development. In Biz Apps, we have been reinventing Microsoft Dynamics 365 for an agent-first world. NHS England, for example, is rolling out Copilot to 505,000 clinicians and staff, the largest healthcare deployment of its kind after a trial showed it saved employees an average of 43 minutes per day. The time from deployment to what we think of as high usage, meaning monthly active usage, about 80% across a customer's user base, has fallen from months to just days over the past year.

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They are included as additional clarifying items to aid investors in further understanding the company's fourth quarter performance, in addition to the impact these items and events have on the financial results. More detailed outlook slides will be available on the Microsoft Investor Relations website when we provide outlook commentary on today's call. Good afternoon, thank you for joining us today. A question and answer session will follow the formal presentation.

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You kind of create your own agentic system that's continuously operating to create the cyber defense you need. You have the blue team agent that is constantly going and making sure that you're triaging, and the green team that fixes. What we are focused on is first, again, take the same approach we've taken for knowledge work or coding, which is you got to start with an intelligence-first, model-forward approach. Satya, appreciating cybersecurity is so core to everything Microsoft does. Thank you so much for taking my question.

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LinkedIn revenue increased 12% and 10% in constant currency, primarily driven by marketing solutions. M365 consumer cloud revenue increased 24%, and 22% in constant currency, again driven by ARPU growth. Bookings increased 10% and 11% in constant currency when including Azure commitments from OpenAI. When adjusted for the impact of our investments in OpenAI, other income and expense was $2.8 billion, driven by the gain on investment in Anthropic noted earlier.