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Major organizations use encryption where they hold the keys so Microsoft is unable to read their data. They can have thousands of servers running on Microsoft's Azure stack and yet Microsoft is unable to read the data that is being processed.
Thanks for the explanation
If all auditors are uncorrupted, highly competent and have full overview. Boeing was able to corrupt it's government auditors to save some money on redundant sensors. With Microsoft pushing big on gathering and selling data I wouldn't trust a byte that passes their server.
Microsoft has to compete with other cloud providers on security. Unlike Boeing who has no domestic competition. Any of Google, Amazon, or Oracle would love to find out that Microsoft is decrypting user data to sell to partners because they would be screaming to the high heavens that O365/Azure is insecure and enterprises must switch to their solutions. SaaS/IaaS subscriptions are much more profitable than selling user data, there is a near 0 chance that Microsoft is improperly handling enterprise data (on purpose)
Microsoft cannot decrypt your data when you hold the keys.
You clearly do not understand encryption or corporate auditing.