Microsoft’s business model for Azure has found success in the past 12 years of chief executive officer Satya Nadella’s tenure. The company, which follows a July-June financial cycle, reported $281.7 billion in revenue in FY25, out of which its cloud revenue hit $106.2 billion. Microsoft accounts for roughly one-fourth of the entire global cloud services industry’s annual revenue, which reached $419 billion in 2025, as per market research firm Synergy Group.

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