The cloud continues to promote the business of Microsoft :: Investor.bg

<img src = "https://www.investor.bg/images/photos/0265/0000265043-article3.jpg" alt = "Microsoft makes a $ 100 billion annual business figure for the first time since the software giant went from a software provider to a key player In the cloud services market, the Wall Street Journal writes:

Most of this growth comes from customer persuasion that use Microsoft's software in their own data centers to add cloud services Clouds Microsoft remains second in the cloud sector, ranked after Amazon.com, but has become a good option for businesses to start such a transition

Microsoft's success in building its own cloud services has boosted the stock price of the company and it has increased by more than 40 percent over the last year. society

Microsoft's shares remained virtually unchanged. During the trading session, the value of the stock rose 3% after Chief Financial Officer Amy Hood gave good forecasts for the current quarter

The 43-year-old company has struggled for years years with the weak growth of Windows PC sales

But the company was redirected under the leadership of CEO Satya Ndela, focusing on the boom of the cloud services market. Earlier this week, Walmart announced the conclusion of a five-year agreement for Microsoft Cloud Use

In the fourth quarter, revenue from server products and cloud services – a category that reflects Microsoft's performance in the Hybrid clouds – 26 percent. The company does not disclose the turnover of this segment.

Stifel Nicolaus & Co. badyst Brad Ribeck estimates that revenue in this category reached $ 7.9 billion – a "huge growth," he says.

Income for the entire quarter rose to $ 30.09 billion, or 17% more than a year earlier. According to Satya Nadela, the hybrid cloud is the cause of quarterly growth

Microsoft's net profit reached $ 8.87 billion, or $ 1.14 per share.