Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
Microsoft will begin reporting quarterly Azure revenue in dollars for the first time, providing more clarity about its business that competes with AWS.
TL;DR
- Microsoft will report quarterly revenue for its Azure cloud business for the first time.
- This change is part of a consolidation of Microsoft's operating segments from three to two.
- Azure has significantly benefited from the artificial intelligence boom.
- The company's new reporting structure includes two segments: 'Agents and Infra' and 'Devices and Consumer'.
- The 'Agents and Infra' segment will include Azure, Microsoft 365 cloud products, and AI assistants.
- The 'Devices and Consumer' segment will include Xbox, search advertising, and device sales.
- Microsoft is providing two years of recast financial results and adjusted guidance.
- With the new structure, Azure revenue grew 42% to $29.42 billion in the June quarter.