Azure 营收同比增长 48% 至 332 亿美元，Microsoft 股价盘后涨约 4%
微软 Azure 这个季度涨了 48%，但 AI 数据中心开支拖累现金流，还在裁员控成本，财报细节挺矛盾的，值得看看。
Microsoft 最新季度 Azure 营收达 332 亿美元，同比增长 48%，高于分析师预期的 323 亿美元，股价盘后上涨约 4%。数据中心支出为 452 亿美元，低于公司此前预测的 500 亿美元以上，因建设延期，自由现金流同比下降 27% 至 186 亿美元。已签约未来收入达 6770 亿美元，同比增长 73%，但略低于上季度的 6780 亿美元。公司未更新 Copilot 付费席位数（7 月报告为 3000 万），同时向美国、加拿大、英国和印度的最多 6 万名员工提供买断方案以控制成本。
Microsoft shares rose about 4% in after-hours trading after Azure revenue grew 48% year on year to $33.2B, beating analysts’ $32.3B forecast.
> Data center spending reached $45.2B in the quarter, below Microsoft’s own forecast of more than $50B because of construction delays, and cut free cash flow 27% year on year to $18.6B.
> Contracted future revenue reached $677B, up 73% year on year but slightly below the previous quarter’s $678B, and Microsoft gave no update on paid Copilot seats, last reported at 30M in July.
> Microsoft is offering buyouts to up to 60,000 employees in the US, Canada, UK and India to control costs as AI infrastructure spending climbs, after headcount already fell 2% year on year.
