Microsoft Just Shared Azure's Actual Revenue in Dollars: $33.2 Billion
Microsoft has never disclosed Azure's quarterly revenue in dollars. But for the first time, we can see just how close it is getting to besting the biggest competitor in the market, AWS.
TL;DR
- Microsoft reported Azure's quarterly revenue as $33.2 billion for the July-September period.
- Azure's revenue grew 48% year-over-year, exceeding analyst expectations.
- Google Cloud reported $30.7 billion in revenue for the same quarter, with a faster growth rate than Azure.
- Azure is now Microsoft's largest and fastest-growing product line, making up 36% of its total quarterly revenue.
- The disclosure enables direct comparison with competitors' cloud revenues.
- Microsoft has reorganized its business segments, with Azure now part of the 'Agents and Infra' segment.