This interest poses a threat to the current leading cloud technology for conducting business known as the Amazon Web Services. Analysts say Azure's revenue growth is a good sign while JPMorgan Chase also point out that this revenue growth is similar to the growth of Amazon Web Services in the previous quarter.
Microsoft announced on Wednesday that its profit was $10.7 billion and revenue was $33.1 billion, up 14% from the same period last year. The company's stock remained basically unchanged immediately after the release of the earnings report, but rose 2% on Thursday to about $140 per share. However, all is not looking at this development as some expert point out that Microsoft's future earnings are at risk, this is because of the sheer amount of companies already utilizing the cloud infrastructure and applications from companies such as Amazon Web Services and Salesforce; the older companies have difficulty switching over as it would enforce a great change in their process.
