In the past year, the company has launched a series of Copilot-branded AI assistants, but efforts to monetize those products are taking longer than some investors would prefer. Microsoft said Azure AI services grew 157% in the quarter. However, Chief Financial Officer Amy Hood said in an interview that overall sales in the key cloud unit are being hurt by the fact that the company still doesn't have enough data center capacity to meet customer needs. She added that the capacity constraints should be lifted by the end of the fiscal year. The company has almost $300 billion worth of commercial service contracts that Microsoft must provide in the future and has not yet recognized as revenue. Demand remains strong, with commercial bookings — a measure of future revenue — rising 67%, "far ahead" of what Microsoft had expected. Hood attributed that partly to Azure commitments from OpenAI.