Microsoft reveals Azure cloud sales in financial reporting shift
Its sales place Microsoft behind Amazon, but ahead of Google
Microsoft disclosed its Azure cloud sales figures for the first time, revealing a US$29.4 billion quarterly revenue and US$101.9 billion for the fiscal year ending June 30. This places Microsoft behind Amazon, which reported US$42.2 billion in cloud sales for its most recent quarter, but ahead of Google, with cloud sales of US$24.8 billion in the same period.
Microsoft has decided to consolidate its three reporting segments into two: "Agents and Infra," which includes cloud computing, AI-based software, and traditional business software revenue, and "Devices and Consumer," encompassing Windows operating system, Xbox gaming, and advertising sales across Bing search and LinkedIn. CEO Satya Nadella highlighted the profound impact of AI on technology and business models.
The company also lowered its Azure revenue forecast slightly, attributing the change to the reclassification of GitHub sales into its M365 Cloud software businesses. Microsoft's overall outlook for the current quarter remains unchanged.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Microsoft reveals Azure cloud sales in financial reporting shift straitstimes.com
- Microsoft to reveal Azure cloud sales in financial reporting shift channelnewsasia.com
