Microsoft’s Azure revenue rises nearly 50% as AI demand grows
Microsoft reported 19% growth in overall revenue to more than $92 billion, while Azure revenue rose nearly 50% as demand for AI services increased. The results beat expectations amid investor questions about the returns from the company’s data-centre spending.
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Microsoft’s cloud division Azure generated nearly 50% more revenue in the latest quarter as demand for artificial-intelligence services grew, while the company’s overall revenue rose 19% to more than $92 billion.
The results beat expectations, according to ANP, and offer investors a measure of whether heavy spending on data centres and computing capacity for AI is paying off. Microsoft has continued to increase that investment, while investors have questioned whether it will generate sufficient returns.
Azure is the world’s second-largest cloud business, after Amazon’s, the report said. It did not give a separate revenue figure for the division.
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