Microsoft (MSFT) Closes Gap on Amazon (AMZN) in the Cloud; Azure Hits $1B in Revs
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Microsoft (Nasdaq: MSFT) shares are higher Monday on reports that its Windows Azure software platform has surpassed the $1 billion annual sales mark for the first time ever.
Data comes from Microsoft Server and Tools finance head Curt Anderson and refers to the trailing 12-month time frame.
Traders are keeping an eye on Amazon.com (Nasdaq: AMZN) following the news, given that the e-Commerce giant also has a notable presence in the cloud-computing environment with its Amazon Web Services (AWS) unit. AWS draws a couple billion in revenue per year right now, though Amazon hasn't broken down the numbers.
Microsoft is up about 2.5 percent into the close.
Data comes from Microsoft Server and Tools finance head Curt Anderson and refers to the trailing 12-month time frame.
Traders are keeping an eye on Amazon.com (Nasdaq: AMZN) following the news, given that the e-Commerce giant also has a notable presence in the cloud-computing environment with its Amazon Web Services (AWS) unit. AWS draws a couple billion in revenue per year right now, though Amazon hasn't broken down the numbers.
Microsoft is up about 2.5 percent into the close.
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