Microsoft reports Azure Q2 revenue up 39% YoY, vs. 38.8% est.; Microsoft cloud's contracted backlog grew 110% to $625B, ~45% of which was driven by OpenAI alone
Reuters
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Discussion
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@patrickmoorhead
Patrick Moorhead
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Selling $MSFT AH on >$50B cloud business and $625B RPO? Oh OK! And, no, RPOs not all OpenAI, more likely 65% non-OpenAI. That's mind-bogglingly huge. 🤯 [image]
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@stocksavvyshay
Shay Boloor
on x
$MSFT commercial cloud backlog is inflecting with RPO up 110% YoY [image]
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@thetranscript_
@thetranscript_
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$MSFT CFO: “Microsoft Cloud revenue crossed $50B this quarter, reflecting the strong demand for our portfolio of services. We exceeded expectations across revenue, operating income, and earnings per share” [image]
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@danielnewmanuv
Daniel Newman
on x
$MSFT gives a monster backlog number $620 Billion over the next 6 or so quarters (RPO). What a massive indicator of long-term growth of AI. People will be concerned about how much of that is AI, but I'm guessing it is less than half. 👀