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Cloud business boosts Microsoft’s quarterly revenue, shares rise
July 20, 2016 by admin · Leave a Comment
“Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS,” said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's web services unit. Microsoft's revenue in what it calls its “intelligent cloud” businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion. Revenue for Azure – which customers can use to host their website, apps or data –
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Cloud business boosts Microsoft’s quarterly revenue, shares rise