Apart form Microsoft beating the market forecast, it is the exponential growth of Microsoft Azure Cloud computing services the truly impressive news. A few extracts from Reuters.com article describes the overall picture.
“Microsoft Corp (MSFT.O) beat Wall Street’s profit forecast on Wednesday, helped by growth in its cloud computing business”
“Overall revenue climbed 12 percent to $28.92 billion, beating analysts’ expectations of $28.40 billion”
“The quarter was the 10th in a row of more than 90 percent revenue growth for its flagship Azure cloud computing service, which directly competes with Amazon.com Inc’s (AMZN.O) Amazon Web Services.”
The full article is available at Reuters.com: https://www.reuters.com/article/us-microsoft-results/microsofts-cloud-computing-business-grows-stock-edges-up-idUSKBN1FK33P