Microsoft Azure might not be quite as profitable as we all thought

Unredacted court documents first reported on by The Information reveal that Microsoft’s Azure business generated $34 billion in revenue in the 12 months leading up to June 2022 – less than half (47%) of the $72 billion generated by its key rival AWS over the same period.

Microsoft has long been secretive about the true scale of its cloud business, instead leaving investors and analysts to merely guess how well it has performed. The court documents, which have now been removed, may push Redmond to now be somewhat more transparent about its revenue.