MSFT conference call quick notes

來源: 於 2024-07-30 15:30:32 [舊帖] [給我悄悄話] 本文已被閱讀：次
  • See double digit revenue growth in FY25
  • MSFT continue to invest heavily in AI infrastructure while keeping and maintaining the margin. FY25 spend will be higher than FY24 (this is bullish for NVDA)
  • Capex spend is primarily demand driven (ie, they have to increase Capex spend to match the demand).
  • On Azure, the result of 30% growth vs 31% guidance was caused by two factors: 1: Demand constraints, ie, MSFT not having enough AI capacity to meet the demand. 2: Some softness in a few Europe countries from non-AI related consumption
  • See going forward revenue growth to accelerate faster than the rate of Capex spend