Microsoft on Cloud Nine

Microsoft reported a 12% year-on-year increase in revenues for the quarter ending June 30th to 33.7 billion US dollars,  boosted by a 39% rise in commercial cloud revenue to 11 billion dollars. Revenue in the Productivity and Business Processes division was up 14% to 11 billion dollars,  while revenue in the More Personal Computing division was up 4% to 11.3 billion dollars.

"Our commercial cloud business is the largest in the world, surpassing 38 billion dollars in revenue for the year, with gross margin expanding to 63%," said Microsoft CEO Satya Nadella. "We are building Azure as the world’s computer, addressing customers’ real-world operational sovereignty and regulatory needs. We have 54 data center regions, more than any other cloud provider, and we were the first in the Middle East and in Africa." source: Microsoft statement