Microsoft cancels US data center leases to cut costs, saving $2.7 billion

From Investing.com: 2025-02-24 00:18:06

Microsoft has cancelled several data center leases in the US as part of their cost-cutting measures. TD Cowen analyst says this move will save the company around $2.7 billion in expenses. This decision comes amid a shift towards cloud services and remote work due to the pandemic.



Read more at Investing.com: Microsoft has cancelled data center leases in the US, TD Cowen says