Microsoft reports Azure revenue of $33.2B up 48% with $10B from OpenAI

Microsoft disclosed Azure revenue in dollars for the first time at $33.17–33.2 billion, up 48% year-over-year, with commercial revenue tied to OpenAI reaching $10 billion in the quarter. Free cash flow hit $18.6 billion and commercial remaining performance obligation rose to $677 billion. The figures quantify the scale of AI-driven cloud demand and Microsoft’s position as a primary beneficiary of OpenAI-related compute spending.