Hey Devs, Osborne here.
I wear two hats: I’m a Full-Stack Developer and a Financial Strategist. Tomorrow (Wednesday, Jan 28) is Microsoft’s earnings report. While Wall Street cares about "Earnings Per Share," as developers, we should be looking at completely different metrics.
Here is what I’m parsing from a tech stack perspective:
Azure & AI Revenue Growth = Your Job Market Wall Street looks at Azure growth to price the stock. I look at it to gauge enterprise cloud adoption. If Azure's "Intelligent Cloud" segment shows massive growth, it confirms that the migration to AI-native architectures is still accelerating. This means high demand for devs skilled in Azure OpenAI Service, Vector Databases, and Cloud Security.
Capex (Capital Expenditure) = The Future of Copilot Watch the "Capex" number. This tells us how much hardware (GPUs) MSFT is buying. High Capex means they are betting the farm on LLMs becoming commoditized infrastructure. For us, this suggests that AI API costs might eventually come down as compute scales up, making it cheaper for us to build GenAI apps.
The "GitHub" Signal Microsoft owns GitHub. Often in these calls, they drop nuggets about Copilot adoption rates among devs. This is the best real-time metric for how AI is changing our actual workflow velocity.
The Bottom Line: I’m not telling you to buy the stock. I’m telling you to read the transcript. It’s the best "State of the Union" for the tech industry we get every quarter.
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