Microsoft is a great company, and CEO Satya Nadella is doing something right. Last year he said that Microsoft will try to reach $20 billion in revenue for its cloud business serices in 2017. Their cloud business is Office 365 commercial, Azure, Dynamics Online and other cloud properties.
The company had $4 billion in revenue from its cloud business in Q4 2014, and reached $12 billion in the past quarter. The arrow goes straight up and their new goal is for fiscal year 2018 (July 2017 – June 2018).
It seems like investors are impressed. They like what they see, and its shares jumped more than five percent after their earning report earlier this week. Microsoft is not so hot and trendy for investors anymore, but the tech giant is still running a great business.
We have seen a shift from mobile to cloud, and Microsoft is still innovative and that
s why they are among the biggest companies in the world. Market cap is over $400 billion, and they are still growing. Thats impressive.
In their fourth quarter of the company
s fiscal 2016, revenue from Microsoft Azure grew 102% YoY. Azures usage more than doubled in only one year.
Microsoft beat expectations, posting an adjusted profit of $5,5 billion on $22,6 billion in revenue. Their strategy on Windows 10 is a huge success and so are Office 365. The company is still among the biggest companies in the world.
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