Microsoft’s Cloud Computing Revenue Climbs 114%

Microsoft’s Cloud Computing Revenue Climbs 114%

Microsoft has announced its financial results for its second fiscal quarter, and its cloud computing revenue increased 114 percent. “Our commercial cloud services delivered triple-digit revenue growth for the sixth consecutive quarter,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “Office 365 continues to be a priority for CIOs, as both existing and new customers move to the cloud. This transition accelerated, with 45 percent of our renewal seats in Office moving to the cloud this quarter. We are seeing great growth in revenue from premium Azure services, driven by both an increasing customer base and expansion in the number of services that those customers deploy. Within Dynamics CRM Online, customer growth accelerated and revenue nearly doubled.”

Overall, the company reported $26.5 billion in revenue and operating income of $7.8 billion, or 71 cents per share, which was in line with analysts’ expectations.

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