The beat rolls on for Satya Nadella since he took over Microsoft and accelerated its move into cloud computing. Sales rose 8% and earnings per share increased by 30% in the first quarter.
Business lines were strong across the board, but particularly so in the cloud products that Microsoft is offering its customer base. Office 365 revenues increased by 45% and Dynamics 365, software for small and medium sized enterprises increased by 81%.
Microsoft is the second largest cloud provider with 11% of the market, but badly trails the leader Amazon whose market share is 40%. Nadella has made the move into the cloud the focus of the company. As consumers move away from device centric offerings, cloud offerings are expected to continue their strong growth.
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