Microsoft's Azure Revenue Rose 48% to $33.17 Billion in Fiscal Q1 2027

Microsoft reported Azure revenue of $33.17 billion for its first fiscal quarter of 2027, up 48 percent year over year, in results released October 28, 2026. Azure sits within the new Agents and Infra segment, the first reported under the company's restructured two-segment structure. Microsoft said it will disclose Azure revenue quarterly going forward.