Azure Reserved VM Instance is an Azure commitment offer that provides a discount when you commit to Azure usage for a set term, with the instance type, region, and term selected to automatically apply discounts to matching virtual machines. This 1-year reservation is for the Standard_M8-4ms VM in Australia Central region.
Standard_M8-4ms: Memory-Intensive VM with 8 vCPUs and 219 GiB of memory
262 GB local storage
1-year commitment term
Australia Central (AUC) region
Up to 72% discount compared to pay-as-you-go pricing