Microsoft Corp. posted increasing growth in its cloud business and kept its capital expenditures in check, satisfying investors amid a drumbeat of concern that spending on artificial intelligence won’t pay off.

Shortages forced the company to turn away some AI and cloud business. Now it’s planning for 38 gigawatts of data center capacity to meet demand.

Microsoft Corp. will begin disclosing quarterly sales for its Azure cloud unit, reversing course after years of criticism from Wall Street regarding a lack of information about the company’s most important growth engine.

Microsoft Corp. generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company.

Microsoft Corp. reported more than $130 billion in new data center leases in the past quarter, signaling an accelerating pace of spending on artificial intelligence infrastructure.