Microsoft Reports Azure Revenue of $33.2 Billion for Q3, Surpassing Expectations
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Microsoft has disclosed Azure's quarterly revenue for the first time, reporting $33.2 billion for the July-September quarter, a 48% increase year-over-year. This significant revenue figure allows for a more direct comparison with competitors like Amazon Web Services and Google Cloud, which report their cloud revenues in dollars quarterly.
The disclosure is crucial as it positions Azure as Microsoft's largest and fastest-growing product line, accounting for approximately 36% of the company's total quarterly revenue of $92.3 billion. Azure's performance exceeded analysts' expectations by about $850 million and outpaced the growth forecast set by Microsoft CFO Amy Hood.
Microsoft's Azure revenue milestone highlights its competitive stance in the cloud market, especially as Amazon prepares to report its earnings. The ongoing competition among cloud service providers is intensifying, with Azure's growth rate being closely monitored against Google Cloud's performance, which reported $30.7 billion in revenue for the same quarter.
Original report
Microsoft just shared Azure’s actual revenue in dollars: $33.2 billion
TechCrunch · Aditya MehtaThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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