微软下调了资本支出预期，在一个大多仍在大举加大AI投资的行业中，这一举动显得罕见。
Microsoft reduced its forecast for capital expenditure, a rare move in an industry that mostly continues to splurge more on huge AI investments.
这家软件巨头表示，2026年日历年的资本支出将为1700亿美元，低于此前预测的1750亿美元。
The software giant said capex for the 2026 calendar year will be $170 billion from a previous forecast of $175 billion.
首席财务官Amy Hood（艾米·胡德）在周三的公司2025财年第一季度财报电话会上给出了这一预期。
Chief Financial Officer Amy Hood gave the forecast on the company's fiscal first-quarter earnings call on Wednesday.
她表示，微软预期将从第三方获得新产能，但其中一些“GPU即服务合同”已推迟至财年下半年。
She said Microsoft was expecting new capacity to arrive from third-parties, but some of these "GPU-as-a-Service contracts" have been delayed until the second half of the fiscal year.
这很可能是指其他使用英伟达GPU运行其产品的AI云服务提供商。
This likely refers to other providers of AI cloud services that use Nvidia GPUs to run their offerings.
微软已与一些外部提供商合作，以满足旺盛的AI需求。
Microsoft has partnered with a some outside providers to meet rampant AI demand.
Hood的言论可能指近期一系列AI数据中心项目的延期，这些延期主要由电力短缺以及当地反对造成。
Hoods comments could refer to a recent spate of AI data center project delays, which have mostly been caused by a lack of electricity, along with local opposition.
这位首席财务官表示，随着延迟的产能投入使用，微软预计资本支出将在财年下半年加速。
The CFO said Microsoft expects capex to accelerate in the second half of its fiscal year, as the delayed capacity kicks in.
华尔街日益担忧云计算公司为扩张AI基础设施而进行的巨额投资。
Wall Street has become increasingly concerned the huge investments cloud companies are making to expand AI infrastructure.
微软上一季度维持预期不变，这很引人注目，因为许多云计算巨头一直在稳步上调其AI支出预期。
Microsoft last quarter kept its forecast unchanged, notable as many cloud giants have been steadily increasing their AI spending forecasts.
总体而言，微软报告称，截至9月30日的2025财年第一季度营收为923亿美元，同比增长19%。
Overall, Microsoft reported $92.3 billion in revenue, up 19%, for the fiscal first-quarter ending Sept. 30.
Azure云业务营收增长48%至330亿美元以上，超出华尔街预期。
Azure cloud revenue was up 48% to more than $33 billion, surpassing Wall Street expectations.
财报电话会后，微软股价在盘后交易中上涨约3%。
Microsoft share were up about about 3% in after-hours trading following the earnings call.
本周早些时候，微软向逾四分之一的员工提供了买断方案。
Earlier this week, Microsoft offered a buyout to more than a quarter of its workforce.
微软发言人周三告诉《商业内幕》（Business Insider），公司预计符合条件的员工中最多有5%会接受买断。
A Microsoft spokesperson told Business Insider on Wednesday that the company expects 5% of eligible employees at most to accept the buyout.
“鉴于微软此处的增长机遇，我们预计极少有人会选择此项提议，”Hood在一份《商业内幕》查阅的内部备忘录中写道。
"We expect very few people to select this offer because of the growth opportunities here at Microsoft," Hood wrote in an internal memo viewed by Business Insider.
微软报告称，其员工人数在财年第一季度下降了2%。
Microsoft's headcount slipped 2% during the fiscal first quarter, the company reported.