As Microsoft reported the latest earnings, the market was positioned for a slowdown. Azure had just posted 39% growth in Q2, and the prevailing expectation was a familiar pattern: base effects would kick in, capacity would normalize, and growth would step down in line with a maturing cloud cycle. Instead, Azure re-accelerated to 40%.
FREE NEWSLETTER
Get AI Strategy Intelligence Daily
Join 90,000+ strategists. Business model analysis, AI maps, and earnings deep dives — free.









