Cloud growth boosts Microsoft's financials
Microsoft’s focus on the cloud continues to pay off. The tech titan showed growth across all its cloud-based businesses during the last quarter ended Dec. 31, including Office, Dynamics and Azure.
Reporting financial results for its fiscal second quarter on Thursday, the company said its Commercial Cloud business is pulling in revenue at the rate of $14 billion per year. During the previous quarter, that rate was $13 billion.
Azure growth was especially strong. Azure compute usage more than from a year earlier, and revenue from the business grew by 93 percent.
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