Cloud now makes up one third of Microsoft revenues as Azure soars

Grazed from CorpNews.  Author: Tonya May.

 While revenue in the "Intelligent Cloud" segment grew 5 percent from the previous year to $6.3 billion. This figure was down two percent on the same period past year, but up three percent in "constant currency" figures when currency fluctuations are taken into account, Microsoft said.
 
On Thursday, the company said its revenue and profit fell in the last quarter, however, this doesn't make much of a difference as it made more from cloud computing with the stocks increasing by more than five percent after the release of the numbers...
 
"One thing we're noticing is that with anyone who moves to the cloud, there is a real opportunity for us to expand to multiple workloads over time", said Nadella on the call. This shift of critical workloads to Azure not only resonates with our long-term cloud migration thesis, but also signals strong customer preferences for Microsoft's offerings overall...

Read more from the source @ cops2point0.com/2016/02/cloud-now-makes-up-one-third-of-microsoft-revenues-as-azure/