As Azure crumbled, Microsoft laid out its latest 40% growth rate numbers to show how well the platform is doing

Microsoft saw its Azure cloud business grow 40% in the September quarter, above the 38% rate analysts were expecting, and in line with the 40% "whisper" number on Wall Street. Azure growth had been 39% in the June quarter.

Microsoft ( ($MSFT) ) has released its Q1 earnings. Here is a breakdown of the information Microsoft presented to its investors. Microsoft

Microsoft reported blockbuster growth in its cloud-computing business on Wednesday that pushed its quarterly revenue past Wall Street estimates, showing businesses are still splurging on artificial intelligence services despite fears of a bubble.

The most important number in Microsoft's earnings call could be its Azure forecast, particularly as investors assess the sustainability of cloud growth and the company's ability to meet demand in the face of supply constraints.