Jason Yanowitz
speaker
1,798 appearances
2 recordings
2 series
first heard Apr 2020
last heard 29 Apr
Jason Yanowitz’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.
Appearances
The biggest number in the Microsoft earnings is RPO, remaining performance obligations.
Last quarter, it was listed at 625 billion, up 110%.
That was the eye-popping number of the last earnings.
About 45% of that is coming from OpenAI, but they have lots of other partners that have signed on for really long compute contracts.
And that is starting to show up in the financials saying, hey, we're spending all this CapEx, but we have this RPO and we have these deals signed.
where companies are, it's not just us that we're forecasting some really high growth here.
The entire industry is forecasting high growth.
And so we have done deals to justify the capex that we're spending right now, even with depreciation, which seems like a less of an issue than people thought it was since H100 still seemed to be monetizing just fine, but we can go into that.
So Microsoft has the cleanest read on enterprise AI monetization.
which I think is something people have been really looking for, looking for numbers.
They know that subscription, LLM, chat apps monetize at a decent rate, that the margins at a lot of these companies are okay, the token, the APIs are working.
But what does it actually mean to deploy AI into the American economy, into everyday businesses, into large-scale businesses?
All of those businesses are on Microsoft, overwhelmingly.
And so there are a ton of data points that can help you understand how AI is flowing through the
a global economy, but also the American economy.
So what are we talking about specifically?
Azure growth, how much cloud hosting is going on, gross margins for Microsoft Cloud.
That's very important.
Are you seeing cloud compression?
Because if you go to your Microsoft Cloud provider and you say, hey, I'm going to, this Teams thing, I'm paying a lot of money for it.
Showing 81–100 of 1,798 · page 5 of 90
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