Microsoft Azure revenue up 98% as it closes gap with AWS
Microsoft | February 01, 2018
Microsoft posted better than expected quarterly results this week, largely thanks to 98% year-on-year revenue growth for its Azure business. Microsoft's overall revenue for the quarter reached $28.92 billion, slightly above initial analyst estimates of $28.4 billion, according to the company's second-quarter earnings report. A significant chunk of that came from both its commercial cloud unit, which was up 53% to $5.3 billion, and its 'Intelligent Cloud' Azure business, which rose 98% to $7.8 billion.