Microsoft beats expectations fueled by Azure cloud business
Microsoft's Azure cloud division grew by 48 percent in the September quarter, reaching $33.2 billion in revenue. Meanwhile, Google's cloud revenue doubled to $30.7 billion during the same period, narrowing the gap between the two providers.
Key points
- Azure revenue reached $33.2 billion with 48% growth
- Google Cloud revenue doubled to $30.7 billion
- Microsoft shares rose over 5% following the report
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