Microsoft will print Azure revenue in dollars starting with late October earnings
Microsoft will begin reporting Azure revenue in dollars every quarter, Jordan Novet at CNBC wrote Wednesday. Under a new two-bucket map, Azure grew 42 percent to $29.42 billion in the June quarter, versus 43 percent on the old Azure-and-other-cloud-services line.
That $29.42 billion is a restatement of a quarter already reported, not a new print. The old three-segment structure had been in place since 2015.
Tom Warren at The Verge writes that the new reporting starts with fiscal 2027 first-quarter earnings in late October. The company is changing how it reports. It is not posting a quarter today.
Agents and Infra is one of two remaining buckets. It holds Azure and Microsoft 365 cloud products, plus productivity and server licensing. Devices and Consumer holds Xbox, Windows OEM and devices, and search and ads, including LinkedIn search advertising.
Satya Nadella said Azure becomes more purely the consumption-based platform and infrastructure business. GitHub cloud, other developer cloud services, Security Copilot, and healthcare and life sciences cloud drop out of the Azure figure.
The growth percentage hid the scale. The restatement also shrinks the box. Forty-two percent of a cleaner Azure is not the same 43 percent of Azure-and-other-cloud-services.
CNBC prints Microsoft targeting $75.15 billion to $75.75 billion of Agents and Infra revenue and $14.7 billion to $15.2 billion of Devices and Consumer.
Amazon has disclosed AWS revenue since 2015. Alphabet started printing Google Cloud and Workspace totals in 2020. Microsoft had given year-over-year growth rates, and annual sales dating back to last year.
Stifel, in July, estimated about half of Azure’s fiscal 2026 revenue growth came from OpenAI, CNBC notes. That is an analyst estimate, not Microsoft’s disclosure.
The first printed dollar is a restated June.