Microsoft Earnings: Azure, Other Cloud Services Contribute 31% Growth

Organizations may be slowing their cloud spending but they’re still pouring billions into Azure, as Microsoft earnings today attest.

The software giant on Jan. 24 released its third-quarter fiscal year 2023 financials for the three months that ended on Dec. 31. The development came as Microsoft cuts 10,000 jobs.

Microsoft’s Amy Hood

“We feel confident in that exit rate,” chief financial officer Amy Hood told analysts on Tuesday’s Microsoft earnings call. She added, in response to a question, that the coming quarter will “see very moderated headcount growth on a year-over-year basis.”

That next round of Microsoft earnings is not yet scheduled. It will take place sometime in the regular second quarter.

In the slideshow above, Channel Futures breaks down the latest Microsoft earnings, tracking the software giant’s gains in cloud and whether it might have surpassed Amazon Web Services in market share.

We also look at results coming from other important business units including PCs and devices. And we discuss Microsoft’s new investment in OpenAI’s ChatGPT and what it means for Azure rival Google Cloud. Finally, we assess the entire public cloud landscape and projections for growth.

Click the slideshow above.