Microsoft's cloud brings rain of revenue but modest M365 AI revenue harvest

REG AD SOFTWARE Microsoft's cloud brings rain of revenue but modest M365 AI revenue harvest Capex spending? What? Me worry? Microsoft on Wednesday reported $90 billion in revenue for the quarter ended June 30, an increase of 18 percent, lifting its stock more than 7 percent in after hours trading.The cash intake was more than Wall Street analysts anticipated, and showed up where it counted – the company's cloud business and AI services. Microsoft Cloud revenue reached $59.3 billion, up 27 percent year-over-year, and its Azure business revenue grew 43 percent.Meanwhile, Microsoft 365 Copilot's paid user base increased 50 percent from the previous quarter. REG AD "We are advancing the frontier on the cost-to-outcome curve, ensuring every customer can turn tokens into business results," said