Microsoft significantly exceeded earnings expectations for the June quarter and disclosed its standalone annual Azure revenue for the first time —

Microsoft's Azure cloud-computing business delivered another quarter of blockbuster growth on Wednesday, powering revenue above Wall Street's expectations and showcasing the growing returns on its massive artificial intelligence bets.

Microsoft's Azure cloud-computing business reported impressive growth, surpassing expectations with annual sales exceeding $75 billion. The company's strategic investment in artificial intelligence has fueled this success.