Inflated? It has been quarter after quarter after quarter. This isn&#x27;t a new result.<p>It&#x27;s very clearly not inflated. Azure is the #2 competitor to AWS at this point. Their quarterly results have been telling the tale of this build-up for the past two years.<p>AWS just grew by nearly 70%, and is quite a lot larger than Azure. It&#x27;s not surprising that Azure would continue to grow so fast.<p>There seems to be a lot of confusion here about the Microsoft report. Nowhere in that report did they split out Azure sales, only &quot;commercial cloud&quot; ($9.4b annual run-rate) and &quot;intelligent cloud&quot; ($6.3b sales). The sole thing they were specific about regarding Azure, is 140% sales growth.