Microsoft reported a record $90 billion quarterly revenue, beating forecasts as Azure growth and AI adoption fueled strong results; Paid Microsoft 365 Copilot users surpassed 30 million, while Azure revenue topped $100 billion for the fiscal year

Microsoft’s Azure grew 43% and passed $100bn for the year, its backlog hit $678bn, and the stock rose 2%. But AI capital spending keeps climbing.

July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity…

Capex spending? What? Me worry?