Microsoft Corp. (NASDAQ:MSFT) has announced a special one-time bonus for its employees after reporting fourth-quarter results and beating earnings estimates.

What Happened: The bonus will be equivalent to 10% to 25% of the regular annual bonus of employees. This announcement comes at the end of Microsoft’s fiscal year, coinciding with the company’s impressive performance in the cloud and AI sectors.

The bonus is also seen as a strategic move to retain talent in the competitive AI market, The Verge reported on Wednesday, citing an internal memo.

The company’s fourth-quarter earnings, released on Tuesday, revealed a 15% year-over-year increase in revenue, totaling $64.7 billion. This exceeded the Street’s consensus estimate of $64.36 billion.

Microsoft did not immediately respond to Benzinga's request for comment.

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Price Action: Microsoft Corp's stock closed at $422.92, down 0.89% on Tuesday. In after-hours trading, the stock fell further 2.72%. Despite this, the stock has risen 14.03% year to date, according to data from Benzinga Pro.

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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote