Microsoft cloud powers earnings boost

Microsoft has reported revenue of $32.5bn for Q2 2019, an increase of 12% compared with last year, thanks to the success of selling Azure. The company posted commercial cloud revenue of $9bn, which it says represents a year-over-year increase of 62%. It attributed its cloud success to “significant improvement in Azure’s gross margin.” Satya Nadella, CEO of Microsoft, said: “We are delivering differentiated value across the cloud and edge as we work to earn customer trust every day.” Nadella claimed Microsoft was experiencing growth in the cloud business because every company is turning into a digital company, consuming compute in the cloud and then processing data in the cloud, with AI-powered services.

Link: Microsoft cloud powers earnings boost

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