+48%
AI is the growth engine
Azure grew 48%, and Microsoft Cloud revenue hit $63.9B — about 69% of all revenue. The growth story is the data centers.
Microsoft grew 19% to $92.3B on Azure's 48% surge, and customers have now committed $677B of future cloud spending — the AI boom is real, and so is the bill to build it.
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.
Kept-as-profit includes +$0.04 of other income per $100 of revenue; the rows add to $100.01 due to rounding.
If you only remember three numbers from this quarter, make it these.
Azure grew 48%, and Microsoft Cloud revenue hit $63.9B — about 69% of all revenue. The growth story is the data centers.
Commercial remaining performance obligation — contracted future cloud revenue — reached $677B, up 73%. That is years of AI spending already signed.
Devices & Consumer fell 3%, dragged by Windows OEM and devices revenue down 22%. PCs, Xbox and search ads are now just 17% of revenue — a side business next to the cloud.
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.