+40%
Azure is still accelerating
Azure and other cloud services revenue grew 40%, Intelligent Cloud rose 30% to $34.7B, and Microsoft Cloud overall reached $54.5B — two-thirds of all revenue.
Microsoft's revenue rose 18% to $82.9B as Azure grew 40% — and it poured $30.9B into new data centers in a single quarter to keep up with AI demand.
Follow the money, left → right. Hover or tap any block or band to trace where that money comes from and where it goes. Tap a block to pin it and read what it means below. Tap the background to reset.
Charts in billions are hard to feel. Here is the same quarter, shrunk down: for every $100 Microsoft took in, this is where it went.
If you only remember three numbers from this quarter, make it these.
Azure and other cloud services revenue grew 40%, Intelligent Cloud rose 30% to $34.7B, and Microsoft Cloud overall reached $54.5B — two-thirds of all revenue.
Microsoft spent $30.9B on property and equipment in one quarter — nearly double a year ago — yet still generated $46.7B of operating cash flow and $15.8B of free cash flow.
Commercial remaining performance obligation — work customers have signed for but not yet paid — jumped 99% to $627B, a backlog that underwrites future cloud revenue.
Things that make this quarter look different from a normal one — so you don't mistake them for the trend.
The same chart, for every quarter we've covered.