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Microsoft stabilizes cloud revenue growth, renews cost optimization pledge

April 26, 2023

Via: CIO Dive
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Cloud continued to drive revenue for Microsoft, even as generative AI advances did more to boost the company’s profile during the first three months of the year. Overall revenues grew by 7% year over year.

Microsoft’s reported only modest year-over-year revenue growth of 2% last quarter.

Azure and other cloud services saw year-over-year revenue growth of 27% and office commercial products and cloud services were up 13%, as the company’s cloud businesses posted gains across the board.

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