[AI commercialization realized? Microsoft's financial report is eye-catching: Azure surged 48% year-on-year, cash flow shrank but still positive] October 29th, after the market closed on Wednesday, Eastern Time, Microsoft announced its first fiscal quarter (ending September) results for fiscal year 2027. Thanks to its Azure cloud business revenue surged by 48% year-on-year, the overall financial report exceeded expectations. It is worth noting that Microsoft disclosed Azure cloud revenue in US dollars for the first time in its financial statement, which was US$33.17 billion this quarter, an increase of 48%. Analysts surveyed by StreetAccount had expected $32.32 billion, an increase of more than 44%. Growth in the June quarter, the fourth quarter of fiscal 2026, was 43%.