Microsoft reports $82.9B revenue with 40% Azure growth and AI business doubling to $37B run rate.

Microsoft posted $82.9 billion in revenue, up 18% year-over-year, driven by a 40% growth in its Azure cloud platform. The company's AI business more than doubled, reaching a $37 billion run rate, while overall Microsoft Cloud revenue rose 29% to $54.5 billion. Commercial remaining performance obligations (RPO) surged 99% to $627 billion, indicating strong future revenue potential. Despite a 49% increase in capital expenditures to $30.9 billion, free cash flow remained solid at $15.8 billion, supported by operating cash flow of $46.7 billion. This performance highlights Microsoft's expanding leadership in cloud and AI sectors, signaling continued growth ahead.