Azure Soars Ahead with Record $75 Billion Revenue Amid AI Boom
Microsoft's Azure cloud division posted impressive growth, surpassing $75 billion in annual sales, driven largely by advances in AI. This positions Microsoft as a key player in the AI sector, though challenges persist in OpenAI collaboration as the company explores developing its own AI technologies.
Microsoft's Azure cloud-computing business has achieved remarkable success, surpassing $75 billion in annual revenue and exceeding Wall Street's projections. The robust performance underscores the company's successful investments in artificial intelligence, fueling its rise in the tech industry.
The software giant's shares surged over 6% in after-hours trading following the milestone announcement. The latest figures demonstrate Azure's continued growth but still trail behind Amazon Web Services, which remains the cloud market leader.
With heightened confidence from investors, Microsoft is seen as a major benefactor of expansive data center development projects. Despite challenges with its OpenAI deal, Microsoft is focusing on independent AI technology development and expanded partnerships to maintain its competitive edge.
(With inputs from agencies.)
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