Microsoft plans to continue investing in capital expenditures throughout its fiscal year 2026, driven by growth in its cloud and artificial intelligence (AI) offerings during the third quarter of fiscal year 2025. Microsoft Chief Financial Officer Amy Hood emphasized that these investments, combined with focused execution, will ensure the company remains a leader in cloud and AI opportunities. The Intelligent Cloud business saw a 21% year-over-year increase, while overall revenue grew by 13%. During the quarter, Microsoft opened data centers in 10 countries across four continents. The company is also introducing AI agents for various roles and business processes, such as a Sales Agent and Customer Service Agent. Looking ahead, Microsoft anticipates 20% to 22% revenue growth in the Intelligent Cloud business, driven by Azure. However, AI capacity constraints may persist beyond June due to growing demand.
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