Microsoft discloses Azure quarterly revenue: $33.2B, up 48%
TechCrunch reports Microsoft disclosed Azure's quarterly revenue in dollars for the first time: $33.2B for July-September, up 48% and above analyst estimates.
The story in focus
TechCrunch reports Microsoft disclosed Azure's quarterly revenue in dollars for the first time: $33.2 billion for the July-September quarter, up 48% year over year and above the $32.3 billion analysts expected. Azure represented about 36% of Microsoft's $92.3 billion quarterly revenue.
- Azure revenue was $33.2B for the July-September quarter, up 48% year over year, per TechCrunch.
- The figure exceeded the $32.3B analyst expectation by about $850M.
- Azure accounted for roughly 36% of Microsoft's $92.3B quarterly revenue.
- Microsoft's new Agents and Infra segment, including Azure, reported $76.8B, up 25%.
First dollar disclosure
TechCrunch reports that Microsoft disclosed Azure's quarterly revenue in dollars for the first time, posting $33.2 billion for the July-September quarter. That represented 48% growth from a year earlier. Microsoft had previously shared only growth percentages or vague dollar milestones for Azure.
The reported figure was about $850 million above the $32.3 billion analysts expected. TechCrunch also reports that Azure's 48% growth topped the 44% to 45% range that Microsoft CFO Amy Hood forecast on the company's July earnings call.
Scale and segment reporting
According to TechCrunch, Azure accounted for roughly 36% of Microsoft's $92.3 billion in quarterly revenue and is now the company's largest and fastest-growing product line by its own figures.
Azure sits within Agents and Infra, one of two new business segments Microsoft introduced this quarter, replacing its prior three-segment structure. TechCrunch reports the new segment, which also includes Microsoft 365's cloud business, brought in $76.8 billion, up 25% from a year earlier.
Cloud comparison
TechCrunch reports that Alphabet, which also reported earnings on Wednesday, said Google Cloud brought in $30.7 billion in the same quarter, placing Azure slightly ahead. Google Cloud, which includes Workspace subscriptions, roughly doubled its revenue year over year, growing about twice as fast as Azure, according to TechCrunch's calculations.
Amazon was scheduled to report earnings Thursday. TechCrunch notes that analysts expect AWS to grow and that Microsoft is not expected to overtake it now, but that with all three companies reporting actual dollar figures, comparison is more direct.
How did Azure's reported revenue compare with analyst expectations and Google Cloud?
TechCrunch reports Azure's $33.2 billion exceeded the $32.3 billion analysts expected by about $850 million. Google Cloud reported $30.7 billion in the same quarter, placing Azure slightly ahead, though Google Cloud grew about twice as fast.
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