Wednesday, July 20, 2016

Microsoft Earnings Are Up, Cushioned by Its Cloud Business - The New York Times

For full details: Earnings Release FY16 Q4 (Microsoft Investor Relations)

"On Tuesday, in its quarterly earnings results, Microsoft offered strong signs that its cloud business was growing quickly. Revenue from Azure, a business Microsoft started to compete in cloud computing with Amazon, the market leader, rose more than 100 percent in the quarter.

Revenue from Office 365, a subscription version of the old Office software, rose 54 percent from commercial customers and 19 percent from consumers.

“I think they’ve done extraordinarily well,” said Merv Adrian, an analyst at the technology research firm Gartner. “There’s nobody else who is arguably the challenger to Amazon that Microsoft is.”"
Microsoft Earnings Are Up, Cushioned by Its Cloud Business - The New York Times
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