Microsoft just hit its $20 billion cloud goal

… almost a year ahead of schedule.

  • Microsoft’s commercial cloud business just hit $20 billion in annualized revenue, a milestone CEO Satya Nadella set out for the company in 2015.
  • The growth of Microsoft’s cloud business has been boosted by the cloud-based version of its Office 365 productivity suite and its Azure cloud computing service.
  • However, Azure still lags behind Amazon Web Services cloud in terms of revenue.

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