Microsoft has announced it will begin disclosing the US dollar revenue of its Azure cloud computing platform on a quarterly basis, marking the first time the company is providing such granular data. This move is intended to offer greater business transparency to stakeholders. Azure is a key competitor to Amazon Web Services (AWS) and a core part of Microsoft's cloud strategy. Previously, Azure's revenue was not broken out separately in Microsoft's financial reports. The disclosure is based on a report from CNBC. This new reporting practice will allow for a clearer view of Azure's performance.
Microsoft will for the first time disclose the US dollar revenue of its Azure cloud computing platform on a quarterly basis, according to a CNBC report. The move is intended to provide greater business transparency. Azure is a core business for Microsoft, competing with Amazon's AWS. Previously, the revenue details of Azure were not separately disclosed. This change will allow stakeholders to better understand Azure's financial performance.
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