Microsoft has never disclosed Azure’s quarterly revenue in dollars. It has typically only shared a growth percentage or described revenue dollar milestones in vague ways. But on Wednesday, when it posted another record-breaking quarter, it reported that Azure brought in a healthy $33.2 billion in revenue for the July–September quarter, up 48% from a year earlier.
The disclosure lets investors line up Azure’s performance more directly against Amazon Web Services and Google Cloud, whose parent companies already report cloud revenue in dollars every quarter.
