Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud ...
REUTERS: Microsoft Corp on Thursday beat analysts' estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.
In the cloud computing business, Azure's chief rival is Amazon Web Services, which dominates the industry with a 32.8per cent market share, according to research firm Canalys. Microsoft has a share of 14.6per cent, while Google has 9.9per cent. Revenue in Microsoft's productivity software unit jumped 14.3per cent to US$11.05 billion, driven by double-digit revenue growth for LinkedIn and Office 365. Analysts on average had expected revenue of US$10.71 billion, according to IBES data from Refinitiv.
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