Microsoft's early bet on OpenAI is weighing heavily on Azure, causing 45% of its backlog — but it's finally starting to pay off

Feb 1, 2026 - 10:10
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Microsoft's early bet on OpenAI is weighing heavily on Azure, causing 45% of its backlog — but it's finally starting to pay off
Microsoft's financial earnings report reveals that OpenAI accounts for 45% of its Azure cloud computing backlog, yet Microsoft's net income jumped by $7.6 billion, primarily due to its investment in OpenAI.

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