00:00Microsoft topped Wall Street expectations as Azure generated more than $100 billion in annual revenue for the first time.
00:08In simple terms, the company made more money by convincing businesses to rent its cloud services and buy AI-powered
00:15software,
00:16while demand remained so strong that it continued expanding data centers to keep up.
00:20Those higher-paying cloud and AI services helped fuel another strong quarter despite enormous investment costs.
00:28Microsoft says AI is becoming a bigger part of how customers run their businesses, reinforcing its growth strategy.
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