Powered by

Microsofts cloud business is kicking it

Jul 20, 2019 - ICT Monitor Worldwide

Microsoft yesterday reported revenue of $33.72 billion for its fiscal fourth quarter 2019, an increase of 12% compared to the same quarter the previous year, beating Wall Street estimates. Microsoft stock is trading up about 2% today.

The companys cloud business includes Azure as well as cloud-based versions of Microsofts Office suite of software. And, although Microsoft does not report exact revenue amounts for Azure, it said Azure revenue grew 64% in the latest quarter compared to the pr...