Microsoft forced to up AI spending by $25 billion to cover hardware price rises — says it 'remains confident in the return on these investments'

Microsoft.

• Azure revenue is up 29%, but next quarter's growth could rise 40%
• Two-thirds of last quarter's capex was dedicated to CPUs, GPUs
• Microsoft 365 Copilot now has over 20 million paying customers

In its latest quarterly results, Microsoft has confirmed an 18% rise in revenue to $82.9 billion for the most recent three months, with Microsoft Cloud revenue up around 29% year-over-year to $54.5 billion and Azure growth standing at around 40%.