Key facts
- Microsoft disclosed Azure's revenue for the July-September quarter was $33.2 billion.
- Azure's revenue grew 48% year-over-year.
- Google Cloud's revenue for the same quarter was $30.7 billion.
- Azure's revenue exceeded analyst expectations by $850 million.
- Azure's growth rate of 48% surpassed Microsoft's forecast.
Microsoft disclosed Azure's revenue for the first time, reporting $33.2 billion for the July-September quarter, a 48% increase from the previous year. This figure surpassed analyst expectations and Microsoft's own forecast. The cloud service now accounts for about 36% of Microsoft's total quarterly revenue of $92.3 billion. The disclosure allows for direct comparison with competitors like Google Cloud, which reported $30.7 billion in revenue for the same period, though Google Cloud grew at a faster rate.