Accelerating Growth for Microsoft Azure Bodes Well for Cloud Software Sector

The company said its “commercial cloud revenues”—not a reporting segment, but a combination of Azure, Office 365, and other cloud services—were $16.7 billion in the quarter, up 34% year over year. That is remarkable growth for a company this size. (For comparison, consider that [SNOW], the red-hot cloud-data warehouse company, is expected to report total revenue for the January 2022 fiscal year of just over $1 billion.).

Link: Accelerating Growth for Microsoft Azure Bodes Well for Cloud Software Sector
via http://www.barrons.com

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