Revenue from Microsoft's azure cloud division rose 48% year-over-year in the first fiscal quarter to $33.17 billion, Reuters reports. The corporation's total revenue increased by 19% to $92.3 billion, and net profit increased by 32% to $36.6 billion. Microsoft's capital spending rose to $45.2 billion on the back of large-scale investments in AI infrastructure compared to $34.9 billion a year earlier. After the publication of the financial statements, the company's shares rose by about 4% in additional trading.