Microsoft is making a lot of money off of AI, as reported in Axios:

By the numbers:

• Revenue was $62 billion, up 18% and ahead of estimates of around $61.1 billion
• Per-share earnings were $2.93, up 33% and ahead of estimates of around $2.78.
• Azure and other cloud services revenue are up 30% for the quarter.
• Windows revenue is up 9% for the quarter.

What they’re saying: “We’ve moved from talking about AI to applying AI at scale,” CEO Satya Nadella said in a statement. “By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”

Read the full report here.