Microsoft significantly exceeded earnings expectations for the June quarter and disclosed its standalone annual Azure revenue for the first time — providing new clarity into how it stacks up against Amazon and Google in the cloud.

The Azure cloud business is a centerpiece of Microsoft's efforts to shift its focus to artificial intelligence, but until Wednesday the company hadn't disclosed how much money it makes.

Microsoft’s Azure cloud platform generated over $75 billion in annual revenue, marking a 34% year-over-year growth. The company also posted a quarterly profit of $34.3 billion, beating analyst expectations.