Microsoft’s quarterly revenue reached $90 billion as Azure grew 43% and Microsoft 365 Copilot passed 30 million paid seats. The results provide the strongest evidence yet that its enormous infrastructure spending is generating sales. Microsoft still plans to increase capital expenditure, while weaker Windows and Xbox numbers reveal how dependent its future has become on cloud computing.

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?