NEWS

Microsoft Azure revenue up 98% as it closes gap on AWS

microsoft closes gap on AWS

Expert believes innovation has been key to Microsoft’s success

Microsoft posted better than expected quarterly results this week, largely thanks to 98% year-on-year revenue growth for its Azure business.

Microsoft’s overall revenue for the quarter reached $28.92 billion, slightly above initial analyst estimates of $28.4 billion, according to the company’s second-quarter earnings report. A significant chunk of that came from both its commercial cloud unit, which was up 53% to $5.3 billion, and its ‘Intelligent Cloud’ business, which rose 15% to $7.8 billion buoyed by a 98% revenue growth in Azure.

“This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice,” said CEO Satya Nadella, in the earnings statement. “Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”

For the full article by Dale Walker click here

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