Microsoft's Azure cloud hits $100 billion annual revenue milestone

Microsoft's cloud business Azure has crossed $100 billion in annual revenue, marking a significant milestone for the company. In its fiscal fourth quarter, Microsoft reported $90 billion in total revenue, exceeding Wall Street expectations. The company's AI assistant Copilot has reached 30 million paid seats, indicating strong adoption. Additionally, Microsoft's investment in AI company Anthropic generated a $3.2 billion windfall. The results underscore Microsoft's dominant position in cloud computing and artificial intelligence, with Azure's growth driven by enterprise demand for AI-powered cloud services.

First published Aug 4, 02:53 PM UTCUpdated Jul 29, 10:02 PM UTC1 reports · 1 sources

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Microsoft's Azure cloud hits $100 billion annual revenue milestone

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Microsoft's Azure cloud hits $100 billion annual revenue milestoneFortune | FORTUNEWesternJul 29, 10:02 PM UTC

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