Yes. Key phrases: "enterprise on-premise data center" and "private cloud solution for IT pros and makes it easier for developers to scale their apps across the

Yes. Key phrases: "enterprise on-premise data center" and "private cloud solution for IT pros and makes it easier for developers to scale their apps across their existing data centers and then boost to the cloud if they need more capacity on short notice" (emphasis mine). The "Azure Stack" with those features apparently won't be available until 2016, however.