Microsoft Azure Revenue Surges Past $75 Billion
Microsoft’s Azure cloud platform has hit a remarkable milestone, generating over $75 billion in annual revenue, marking a 34% increase from last year. This growth is crucial as Microsoft pivots towards artificial intelligence, intertwining Azure with AI ambitions. Despite ongoing investments in new data centers and recent layoffs of 15,000 workers, Microsoft’s profits soared, with a quarterly profit of $34.3 billion. CEO Satya Nadella emphasized their rapid data center expansion, underscoring their competitive edge in the cloud market, even as they trail behind Amazon Web Services.
