Microsoft’s cloud services (IaaS, PaaS, private and hybrid cloud) grew 154% in quarter one of 2014, according to a report from Synergy Research Group.
This is compared to growth of 67% from Amazon, 80% from IBM, 37% from Salesforce and 60% from Google.
The growth means that Microsoft is in a good position to catch up with Amazon Web Services, which still leads the cloud market.
Synergy estimates that quarterly cloud infrastructure service revenues (including IaaS, PaaS and private and hybrid cloud) have reached US$3.5 billion, with trailing twelve-month revenues amounting to US$12 billion.
In recent weeks Microsoft has been expanding its cloud services across the globe.
In March, the company became the first global cloud provider in China after partnering with 21Vianet to deliver the Microsoft Azure platform in the region.
In April it then made its Office 365 cloud productivity suite available in China.
Microsoft also cut the price of Azure compute by 27% to 35% and storage by 44% to 65%.
On 1 May, Microsoft reduced its memory-intensive prices by up to 35% for Linux instances and up to 27% for Windows instances.
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