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Microsoft Azure revenue surges 48% to $33.2B, beating expectations as cloud and AI demand grows
Microsoft's Azure cloud business brought in $33.2 billion in the September quarter, up 48%, the first time the company has reported Azure's quarterly revenue.
AI Summary
Microsoft reported that its Azure cloud business generated $33.2 billion in the September quarter, marking a 48 % increase and the first time Azure’s quarterly revenue has been disclosed. Overall company revenue rose 19 % to $92.3 billion for the same period. Capital spending reached $45.2 billion, falling short of the company’s forecast of more than $50 billion.
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