Microsoft Cloud Push Gains Ground on Azure, Office 365
- Azure services revenue rises 90%, Office 365 Jumps 42%
- Gross margins in cloud products improved, driven by Azure
Microsoft Uses Cloud, Azure to Beat Profit Estimates
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Microsoft Corp.’s push into the cloud forged ahead last quarter, with demand for online versions of Office productivity software and the Azure web-services business bolstering sales and earnings.
Profit in the period that ended Sept. 30 exceeded analysts’ estimates and sales rose 12 percent to $24.5 billion amid buoyant demand for Azure cloud services, used to store and run customers’ applications in Microsoft’s data centers.