Looking at Intelligent Cloud Division Results

The software giant’s Intelligent Cloud Division on Jan. 24 showed 18% revenue growth (24% when adjusting for constant currency, which excludes the effect of foreign currency rate fluctuations). The total dollar figure hit $21.5 billion. Meanwhile, for Microsoft overall, revenue amounted to $52.7 billion — a 2% gain and a narrow miss of analyst estimates of $52.7 billion. Profit fell 12% to $16.4 billion. All in all, Microsoft’s growth marked the slowest in six years.

Note that Microsoft does not specifically break out Azure revenue. This makes it hard to understand whether Azure has edged closer to overtaking its biggest rival, Amazon Web Services. To that point, AWS’ third-quarter 2022 revenue hit $20.5 billion (Amazon will report its fourth-quarter 2022 earnings on Feb. 2).