Microsoft's quarterly revenue is up 16% to $65.6 billion

At the same time, Microsoft showed little sign of slowing down its spending on building data centers for its AI work. The company spent $20 billion on capital expenditures, up 79% from a year earlier. "We are expanding our opportunity and winning new customers as we help them apply our AI platforms and tools," Satya Nadella, Microsoft's CEO, said in a statement.
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