Microsoft to Begin Disclosing Azure Quarterly Revenue Under New Segment Structure

Microsoft will begin publishing quarterly Azure revenue in dollars, which provides a direct financial measure for its cloud platform for the first time. [2] The company is replacing three operating segments with two, which are centered on Agents and Infra and Devices and Consumer. [2]

Under the revised definition, Azure generated $29.42 billion in the June quarter, representing a 42% increase year over year. [1][2] This figure accounted for almost 33% of the company’s total revenue. [2] The new Azure metric excludes GitHub cloud services, developer cloud services, Security Copilot, and healthcare and life sciences cloud products. [2] Moving forward, Microsoft expects fiscal first-quarter Azure growth of 44% to 45% at constant currency. [2]

The reporting overhaul will make Azure’s quarterly scale easier to compare directly with competitors like AWS and Google Cloud. However, because the new baseline arrives under a narrower definition, it strips out key developer and security assets such as GitHub and Security Copilot. This shift emphasizes consumption-focused metrics while providing less profitability detail for Microsoft’s former business lines. What the sources don't address: Whether the exclusion of healthcare and life sciences cloud products signals a broader strategic pivot away from vertical-specific cloud reporting.