Microsoft Azure revenue grew by 48%, exceeding expectations

Microsoft announced that its quarterly cloud business revenue exceeded expectations, with Azure cloud computing revenue growing by 48% to reach $33.17 billion, surpassing the market expectation of $32.84 billion. The company's free cash flow was $18.6 billion, far exceeding the market expectation of $8.54 billion. Microsoft’s stock rose nearly 6% in after-hours trading.