Microsoft’s revenue grew strongly last quarter, 31 percent growth in Azure revenue – IT Pro – News

Yesterday @morphje shouted:

…considering the slow exit from the cloud that has also been going on for a while now (but that’s a whole other topic…

This seems like an excellent topic for that…

Azure, AWS and Google Cloud control 2/3 of the cloud infrastructure market. Azure is growing enormously now and it did so in Q4 of 2023. The Q1 2024 figures for Amazon => AWS will not be published until April 30, so we cannot say much in that regard for Q1 2024 for AWS.

But (revenue) growth at the three largest cloud (infra) providers still seems to be strong.

For the server market, the growth from 2022 to 2023 was only 4.3%… However, from 2021 to 2022 it was 20.1%, an absolute outlier.

Of course we are talking about turnover here and price increases could have an influence on that, but the growth in cloud infrastructure is much higher than any rate increases (at Azure), so that cannot be explained by that. People therefore clearly purchase more and/or more expensive services from Azure.

We also see growth in the server market, but this is not higher than that in the cloud market, which of course also purchases servers. In addition, the server market is even struggling to keep up with inflation.

Based on those figures, I do not see that there is a movement away from the cloud, on the contrary, I see a movement towards more cloud. Coincidentally, I also see this with my customers, but my customers are not representative of the rest of the world. And I get the feeling that people who say “given the slow exit from the cloud that has been going on for a while now” are saying so based on their own experience with a limited number of customers, which is therefore not representative of the world.

Source:
https://www.crn.com/news/…earnings-q4-2023-face-off
https://gigalight.medium….hare-by-2027-cb5ec8de5ed9