CFO Amy Hood confirmed that Microsoft Cloud revenue for the most recent quarter rose 21% year-over-year to $40.9 billion. Key to its success has been the growing demand for AI tools and data centers.

The Azure cloud division will grow at up to 32 per cent in its third quarter, not much faster than during the last three months of 2024.

Microsoft said Wednesday that its profit for the October-December quarter grew 10% as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology ...