https://techmonitor.ai/technology/cloud/microsoft-cloud-revenues-ai-demand

Third-quarter Microsoft cloud revenues amounted to $35.1bn, equivalent to year-on-year growth of 23%, the software giant has reported. The results contributed heavily to the firm's bottom line for that quarter, with overall revenues rising by 17% to $61.9bn in the quarter ending in March. 

The results outpaced analyst expectations and boosted the software giant’s stock market valuation by $128bn. This was despite increased AI-driven capital expenditures almost $1bn above market estimates, a choice that saw fellow big tech giant Meta’s share price pummeled in trading earlier this week.