Microsoft captures one-quarter of global cloud spend in Q1
Summary
“As Microsoft and Google market shares increase, AWS has actually held pretty steady,” Dinsdale said. “Azure has become a port of call for pretty much anybody who is doing an AI project,” CEO Satya Nadella said during the company’s earnings call last week, noting that “more than 65% of the Fortune 500 now use Azure OpenAI service.” Nadella acknowledged AI is a major force driving new business to its public cloud infrastructure. The company estimated the technology accounted for a little less than one-third of quarterly cloud revenue growth, CFO Amy Hood said during the call. Microsoft earned the bulk of its cloud revenue growth the old-fashioned way, through enterprise workload migrations. “Some of that, which I know isn’t as exciting as talking about all the AI projects, is still really foundational work to allow companies to take advantage of the cost savings.”
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