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What is changing in Microsoft’s cloud business?

Microsoft / fiscal 2025

Source 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 notes
Select a claim. Follow the evidence.Public company sources. Research interpretation by Gatani.

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.

  1. Start with a research question

    Define what you are trying to understand before adding another summary to the pile.

  2. Keep the source attached

    Move between a claim and its passage. Compare the wording before interpreting the change.

  3. Make uncertainty useful

    Record what the evidence supports and what would change the interpretation.

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