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Microsoft Discloses Azure Cloud Sales

Microsoft reported Azure cloud sales of 29.4 billion dollars for the latest quarter in a financial reporting shift. The tech giant also updated its segment structure as the AI data center boom continues.

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FILE PHOTO: 3D printed clouds and figurines are seen in front of the Microsoft Azure cloud service logo in this illustration created on February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

MICROSOFT CORP reported Azure cloud sales of $29.4B for its latest quarter on Wednesday evening, moving to transparent segment reporting amid an intense artificial intelligence data center race. The disclosure gives investors a direct quarterly comparison against cloud leaders AMAZON.COM INC and ALPHABET INC-CL A for the first time. The new financial breakdown helps portfolio managers gauge profitability across the computing market as enterprise spending accelerates.