Consistent growth in Azure cloud sale has made the Microsoft team more ambitious to hit $20 mark by 2017.
GreatResponder.com The ecstatic feeling with the exciting commercial results of Microsoft cloud services during the first two quarters of the current fiscal year has made the company more ambitious and firm in setting high business targets for the future.
The company is eyeing on a whopping $20 billion of revenue from its cloud services by the end of the year 2017. The company announced its commercial results that show a substantial increase in the cloud services during the past quarter. It is a consistent phenomenon during past many quarters that Microsoft is recording a higher growth in the revenue of its cloud based offering.
Microsoft Azure is the one of the fastest growing platforms that is noticing sustainable growth in its customer base on a regular basis. The company has noticed more than 200% growth in its cloud revenue.
The CEO of the company, Mr. Satya Nadella, who is also a strong supporter of cloud computing business as the main driver of the company in the future time, said, “Azure cloud computing service registered more than 200 percent increase in sales in the second quarter of 2016 compared to the same period in 2015”. The financial results of the cloud business clearly show the growth in the revenue. The present revenue of the Microsoft Azure based cloud services stands at about $6.7 billion in the second quarter of this year.
These latest commercial results left a good impression on the stock prices of the company shares, which rose over 15% in just one day time.
While talking about the Microsoft Azure based cloud business in China and European regions, the CEO of the company further said, “the success of the Azure platform can be attributed to its ability to run a variety of different applications on both public cloud and a corporate data center. The success of the Azure platform can be attributed to its ability to run a variety of different applications on both public cloud and a corporate data center”.
Many experts in the domain of IT business believe that Microsoft Azure is posing itself as the most powerful contender for the top position in the cloud business in the future. It is expanding its global cloud footprints and business prospects to challenge the AWS, the cloud market leader at present.