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The Nexus
BUSINESSJul 29 · 22:02 UTCFORTUNEAmanda Gerut

Microsoft’s cloud just hit a new milestone—Azure crosses $100 billion in annual revenue

Microsoft's Azure cloud business surpassed $100 billion in annual revenue for the first time, growing 33% from $75 billion in the previous fiscal year. The fourth quarter saw 43% year-over-year cloud revenue growth, contributing to $90 billion in quarterly revenue and boosting Microsoft's stock by over 8% in after-hours trading.

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