Azure Revenue Soars 40% in Q1 as Microsoft Secures $170M Air Force Cloud Contract

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Microsoft's Azure revenue jumped 40% year-over-year in fiscal Q1, fueled by Copilot adoption and multi-model AI integration via its stake in OpenAI. The company also won a $170 million Air Force Cloud One contract and set fiscal Q2 2026 earnings for January 28, underpinning cloud-led growth.

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