This cloud business for Microsoft so that they managed to achieve $ 9.6 million as revenue from the service by the cloud during the fourth quarter of its fiscal year, an increase of 23% on an annual basis.
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The company announced total revenue in the fourth quarter amounted to $ 30.1 million, with total revenues in the fiscal year since July of 2017 amounted to 110.4 billion, surpassing Wall Street expectations of $ 29.2 million for the quarter, which means the height of Microsoft’s revenue increased by 17% compared to last year, which led to the first time you reach a revenue of $ 100 million.
Analysts believe that this progress of the company comes because of the cloud services Business, described by the CEO of the company as to the future.
Regardless of the cloud service, the company has experienced growth in its services to the other such as Xbox, LinkedIn and Office 365, has grown its business related to hardware increased by 17% compared to last year.
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