As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases.
Overall, Microsoft made $19 billion in capital expenditures in the latest quarter.
"It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics.
Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October.
Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.
Persons:
Satya Nadella, Charles Fitzgerald
Organizations:
Microsoft, Investors
Locations:
Jakarta, Indonesia, U.S, Pennsylvania