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Azure Hits $100B Revenue Milestone | Raleigh News
Azure just smashed a $100 billion annualized revenue milestone, proving Microsoft’s AI bets are paying off with 43% growth. Stock surged nearly 9% as analysts like Wells Fargo’s Michael Turrin reaffirm a $650 price target, praising Microsoft’s software strength and smart AI moves like Copilot. Earnings beat expectations with $90B revenue and a 32% jump in Intelligent Cloud — driven by Azure — despite a one-time gain boosting EPS. Next quarter, Azure growth is expected to climb to 45%, signaling Microsoft’s AI spending is now fueling real cloud revenue. Firms like Citi and Bernstein also…
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