Microsoft meets US$20 billion goal for cloud revenues

Elizabeth Robinson
By Elizabeth Robinson on 27 October 2017
Microsoft meets US$20 billion goal for cloud revenues

Microsoft’s latest quarterly results reveal that it exceeded its goal to meet US$20 billion in commercial cloud annualised revenue run rate.

“This quarter we exceeded US$20 billion in commercial cloud ARR, outpacing the goal we set just over two years ago,” said Satya Nadella, chief executive officer at Microsoft. “Our results reflect accelerating innovation and increased usage and engagement across our businesses as customers continue to choose Microsoft to help them transform.”

In a blog post, Judson Althoff, Microsoft’s executive vice president for Worldwide Commercial Business, said: “This exciting milestone represents our continued delivery of new cloud technologies and our customers’ digital innovation.”

“Across major industries — from finance and energy sector to retail and professional sports — organisations are betting on Microsoft to help them transform their customers’ experiences, employee productivity, operations and products. In fact, 96% of Fortune 500 companies have at least one of our cloud offerings, and 90% have at least two,” said Althoff.

Althoff goes on to detail other companies using Microsoft cloud including Bank of America, BP, Steelcase, Huawei, Ford and Devon Energy.

To read the full blog post click here

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