Microsoft, Intel, Alphabet Results Buoyed by Cloud Boom
- Intel CEO says shift to public cloud is moving faster
- Leader Amazon set to report another surge in cloud revenue
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Alphabet Inc., Microsoft Corp. and Intel Corp., which all posted quarterly results Thursday, reinforced what’s become a truism in technology: the biggest growth is in businesses that deliver computing over the internet.
Microsoft topped projections on the strength of rising customer sign-ups for its cloud offerings like Azure, which saw revenue almost double. Intel sales rose more than expected, helped by orders for processors that power data-center servers -- the machines at the heart of cloud computing.