• 2 months ago
Microsoft has updated its quarterly revenue guidance to offer more precise insights into its cloud infrastructure business. Microsoft has reorganized its segments, moving key services to align Azure's revenue with consumption, and projects 33% revenue growth for Azure in the upcoming quarter. The changes complicate comparisons with competitors like Amazon’s AWS and may make it harder for investors to gauge the health of Microsoft's core Office subscriptions. Microsoft maintains its overall revenue forecast for the quarter.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Microsoft has updated its quarterly revenue guidance
00:05to offer more precise insights
00:07into its cloud infrastructure business.
00:09Microsoft has reorganized its segments,
00:11moving key services to align Azure's revenue
00:13with consumption, and projects 33% revenue growth
00:16for Azure in the upcoming quarter.
00:18The changes complicate comparisons
00:20with competitors like Amazon's AWS,
00:22and may make it harder for investors
00:24to gauge the health of Microsoft's
00:25core office subscriptions.
00:27Microsoft maintains its overall revenue forecast
00:30for the quarter.
00:31For all things money, visit Benzinga.com.

Recommended

3:39
I
Up next
Soren and Bauri enter Jharkhand battle,Thackeray fires shots at BJP-Shinde in Maharashtra polls
Oneindia
3:39
Cyclone Dana Approaches, Jharkhand Braces for Heavy Rain and Winds: Kolhan on High Alert | WATCH
Oneindia
1:30
Microsoft Users Hit With Global Cloud Outage
Wibbitz Top Stories
3:02
85 Flights Received Bomb Threats TODAY| Bomb Threats Disrupts Indian Airspace, 250+ Flights Affected
Oneindia
0:32
Amazon Web Services Boosts Credits for Startups Using Its Cloud Products, Aiming to Compete with Microsoft and Google
Benzinga
0:29
Adobe Beats Q3 Earnings and Revenue Estimates, Driven by Creative Cloud and Firefly AI. Stock Slides on Weak Q4 Guidance.
Benzinga
0:43
Microsoft's Finance Leases Skyrocket by Nearly $100 Billion as Demand for AI Workloads Surge
Benzinga
0:45
Microsoft Q4 Earnings Highlights: Revenue Beat, EPS Beat, Cloud Revenue Up YoY, 'Ensuring We Lead The AI Era'
Benzinga
0:34
CrowdStrike Lowers Forecasts After Global Outage Affects Millions of Windows Devices. Can the Cybersecurity Company Rebound?
Benzinga
2:18
Should you buy Amazon stock? 3-minute analysis
Bullish Studio
0:37
Cisco Shares Jump After Announcing 7% Workforce Reduction Amid Restructuring
Benzinga
0:47
Companies Using AI to Make Cloud-Computing Usage More Efficient
Benzinga
0:39
Oracle Surpasses Expectations, Announces New Partnership Deals with Google and OpenAI
Benzinga
0:46
IBM Stock Plummets as Disappointing Q1 Sales Growth as It Aims to Boost Revenue and Profit Margins with $6.4 Billion HashiCorp Deal
Benzinga
0:34
Oracle Stock Poised for Record High After Cloud Company Exceeds Revenue Expectations. Soars 9% Following Earnings Beat.
Benzinga
0:36
Peloton Sees First Revenue Growth Since 2021, But Its End-of-Year Forecast Remains Mixed
Benzinga
2:47
Should you buy Cloudflare stock?
Bullish Studio
8:47
Elon Musk Impresses Investors As Tesla Stock Soars After Q3 Earnings Report
Benzinga
0:45
Kamala Harris Endorsed By Insane Clown Posse Rapper Violent J: 'I Want Her To Win Because She's A Democrat'
Benzinga
0:41
Kamala Harris' Economic Policies 'More Robust, More Sustainable,' Says Nobel Winning Economist Daren Acemoglu As He Is Endorses Vice President With 22 Others
Benzinga
1:02
Surprising Stats That Highlight the Power of Social Media (Social Media Day, June 30)
Wibbitz Top Stories
1:31
Twitter Is Now 'X'
Wibbitz Top Stories
0:54
This Day in History: John F. Kennedy Is Assassinated
Wibbitz Top Stories
1:30
Is It Time To Buy The Dip On The TLT?
Benzinga
4:16
Piper's Sandler's Craig Johnson Puts $6,600 Target On $SPX For 2025
Benzinga