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Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
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Microsoft will start disclosing quarterly revenue for its Azure cloud business for the first time, providing investors with a clearer picture of its business that competes with Amazon Web Services and Google's cloud platform.
Key facts
- Microsoft is targeting $75.15 billion to $75.75 billion in Agents and Infra revenue, with $14.7 billion to $15.2 billion in Devices and Consumer revenue
- With the new structure, Azure revenue grew 42% to $29.42 billion in the June quarter, compared with 43% using the old Azure and other cloud services metric
- Management said fiscal first-quarter Azure revenue should grow 44% to 45% at constant currency
- Amazon began disclosing revenue from AWS, the market leader, in 2015
Summary
The change, announced in a presentation on Wednesday, is part of a broader shift in Microsoft's reporting structure, as the company trims its operating segments from three to two. Microsoft's Azure unit has been a major beneficiary of the artificial intelligence boom, as customers turn to major cloud infrastructure platforms for access to the AI models needed to develop new agents and other tools. "There's no question AI represents a profound shift in both technology and business," CEO Satya Nadella wrote in the presentation. Amazon began disclosing revenue from AWS, the market leader, in 2015.