Microsoft's Cloud Business Revenue Rises 48% to $33.17 Billion

Microsoft's Azure, which rents computing power to businesses online, earned $33.17 billion in its first fiscal quarter of 2027, up 48 percent year over year. Results came out October 28, 2026. Azure sits in a new reporting group, Agents and Infra, the first reported under Microsoft's restructured two-segment setup. Microsoft will report Azure revenue every quarter from now on.