The growth curve for cloud is slowing for Microsoft, as economic realities force companies to shift investment patterns.
In a natural cycling of business priorities, enterprises that underwent modernization are now focused on consolidation. That realignment accounts for a temporary decline in cloud revenue growth, according to Nadella.
“Every large customer is looking to optimize the workloads that they have at scale today and plow some of that money back that they save into new project stock,” Nadella said.
