When Microsoft was asked whether it could return to being a capital-light cash flow compounding machine, management answered that CapEx growth for their business will grow more slowly than the cloud business growth rate, which means Microsoft is unlikely to get back to being capital-light for the foreseeable future.
factualpending
Speaker
Joseph ShaposhnikEvidence Quote
“I asked them, do you think that Microsoft can can get back to being a capital-light cash flow compounding machine? And their answer was interesting. They said they thought that at some point CapEx growth for their business would grow more slowly than the growth rate of the cloud business”
Created: 8/12/2026, 6:14:37 PM
My Notes
Loading notes...