Microsoft cloud revenue accelerates as spending growth cools

Microsoft's cloud revenue growth increased in the March quarter while its spending rose less-than-expected as the software giant looks to convince investors that its big bet on ​artificial intelligence would pay off. Capital expenditure rose 49% to $31.9 billion in the ‌company's fiscal third quarter, the company said on Wednesday, compared with Wall Street expectations of $34.90 billion, according to Visible Alpha. Spending had totaled $37.5 billion in the second quarter. [https://www.reuters.com/business/retail-consumer/microsoft-reports-cloud-growth-line-with-expectations-2026-04-29/](https://www.reuters.com/business/retail-consumer/microsoft-reports-cloud-growth-line-with-expectations-2026-04-29/)