Microsoft’s Azure cloud-computing business delivered another quarter of blockbuster growth, powering revenue above Wall Street’s expectations and showcasing the growing returns on its massive artificial intelligence bets.
Shares of the software company rose near 7 per cent in extended trading after it said Azure sales surpassed $US75 billion ($116 billion) on an annual basis, the first time it has disclosed that figure. That beat expectations for $US74.62 billion.
