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Microsoft’s cloud just hit a new milestone—Azure crosses $100 billion in annual revenue
Microsoft said its Azure cloud business surpassed $100 billion in annual revenue in its recently ended fiscal year, cheering investors in the company even as the broader market plunged on worries over AI spending and U.S. inflation.
Summary
Microsoft said its Azure cloud business surpassed $100 billion in annual revenue in its recently ended fiscal year, cheering investors in the company even as the broader market plunged on worries over AI spending and U.S. inflation. Cloud growth in Microsoft’s fiscal fourth quarter increased 43% percent year over year, providing a boost to overall quarterly revenue of $90 billion , above analyst estimates of $87.7 billion.
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