Meet the evidence
behind the brief.
Research questions, source passages, and working interpretations in one connected view.

What is changing in Microsoft’s cloud business?
Microsoft / fiscal 2025Source summary
Intelligent Cloud / fiscal years ended June 30
Azure and other cloud services revenue grew 34% in fiscal 2025, compared with 30% reported for fiscal 2024.
Read the research source notesRelated source context
The fiscal 2024 annual report recorded 30% growth in Azure and other cloud services revenue.
Inspect the related sourceCurrent source summary
Azure and other cloud services revenue grew 34% in fiscal 2025, compared with 30% reported for fiscal 2024.
What this supports
Growth increased between the two reported fiscal years. That comparison alone does not establish how much came from AI workloads.
What to ask next
What additional disclosure would separate AI demand from growth in the wider Azure business?
The question stays
at the center.
Start with a research question
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Keep the source attached
Move between a claim and its passage. Compare the wording before interpreting the change.
Make uncertainty useful
Record what the evidence supports and what would change the interpretation.
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