{"id":20424,"date":"2019-07-19T12:02:10","date_gmt":"2019-07-19T11:02:10","guid":{"rendered":"https:\/\/www.devopsonline.co.uk\/?p=20424"},"modified":"2019-07-19T12:02:10","modified_gmt":"2019-07-19T11:02:10","slug":"microsoft-credit-cloud-computing-for-record-revenue","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/microsoft-credit-cloud-computing-for-record-revenue\/","title":{"rendered":"Microsoft credit cloud computing for record revenue"},"content":{"rendered":"
Cloud computing has given Microsoft a record income in the last quarter, say the company.<\/p>\n
The tech giant<\/a> also said that thanks to a strong performance under the chief executive, Satya Nadella, they now claim to be one of the world\u2019s most valuable public companies.<\/p>\n Rising above the predictions from Wall Street, the company turned a profit of $33.72 billion this period. This was an increase of 12% from the previous quarter.<\/p>\n It\u2019s thought that one reason for the increase was due to the company\u2019s continuous investment in cloud. Over the past 10 years, these ventures have revolutionised the working progress behind the organisation as, rather than buying applications that run on their own servers, customers are renting computer power and paying for subscriptions from Microsoft.<\/a><\/p>\n The organisation also feels that offering customers cloud-based versions of its Office productivity suite contributed to the growth in profit. They also mention the reputation of Azure, the world\u2019s alleged 2nd<\/sup> largest cloud service that the tech company provide, for the upsurge.<\/p>\n Brad Reback, an analyst at Stifel, Nicolaus & Co. suggested that the organisation is \u201ca clear winner in the digital transformation trend that corporations of all sizes are now undertaking.\u201d Continuing, \u201cThey are a vendor of choice.\u201d<\/p>\n Accounting for around a third of sales for this period, Microsoft\u2019s cloud computing business increased by 39%.<\/p>\nThanks to cloud<\/h4>\n
Competition for Microsoft<\/h4>\n