At least for the first quarter of the fiscal year 2016, Wall Street may like to see more from Microsoft’s clouding computing services, like Azure and Office 365. Microsoft’s CEO, Satya Nadella, commented on his thoughts regarding Microsoft’s cloud services growth:
“We are making strong progress across each of our three ambitions by delivering innovation people love. Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more.”
Microsoft saw Azure’s premium services income and computer usage more than double in the past year and Enterprise Mobility customers saw the same double-digit growth. According to Microsoft’s Kevin Turner, more and more businesses are taking notice of Microsoft’s cloud-computing capabilities:
“We’re seeing great traction with businesses who want to bring Microsoft’s cloud, mobile device management technology and data analytics together to improve security and productivity resulting in almost 70 percent year-over-year growth in our commercial cloud run rate.”
Microsoft may benefit even more with business revenue from its cloud products and services in the upcoming year, and in one very early indicator of what might be a trend, Microsoft’s stock price is up almost 8% to $51.78 in after hours trading in the hours after 1st quarter earnings were released.
Further reading: Azure, Kevin Turner, Microsoft, Office 365, Satya Nadella, Wall Street, Windows 10