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 doubled from a year earlier, and revenue from the business grew by 93 percent.
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Computerworld Cloud Computing
Microsoft Corporation’s acquisition of LinkedIn for $ 26.2bn this June raised several questions around the valuation of social media platform assets. It also prompted Fitch Ratings, one of the ‘Big 3’ credit rating agencies, to place Microsoft’s long-term IDR and senior unsecured debt – both at ‘AA+’ – on Rating Watch negative as the ink was drying on the deal.