[ad_1]
The stake that Microsoft has made has borne fruit. According to CNN, the technology company has announced its $ 100 billion in revenue through cloud services.
Microsoft recorded sales of $ 110 billion, up 14% over the previous year. CEO Satya Nadela pointed out that "early investments" in cloud services took place
The company's cloud sector reached $ 6.9 billion in the last quarter, recording an increase of 53 % compared to the same period last year. With this, Microsoft announced global sales for the three months to end June of $ 30.1 billion, an increase of 17% over a year earlier.
Edited by Nadela, Microsoft has radically changed its priorities by placing the cloud at the top of the Windows operating system. The shift has placed the company at the forefront of the growing technology sector after years of unsuccessful attempts such as searching the internet and mobile phones.
Microsoft surpbaded Google's market share in the cloud market in 2016 data from the Synergy Research Group. Microsoft has recently signed a five-year deal with Cloud Services, Walmart, one of Amazon's biggest competitors
The market for cloud computing services is far from small. It is expected to reach $ 160 billion this year and $ 227 billion by 2021, according to IDC forecasts
After the release of the financial statement, Microsoft's stock price has increased by 4%
[ad_2]
Source link
