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Microsoft to boost cloud revenue to USD 20 bln by 2018 - CEO

Thursday 30 April 2015 | 09:34 CET | News
Microsoft is looking to triple annual revenue from its cloud-computing businesses to USD 20 billion by the end of fiscal 2018, according to its CEO Satya Nadella. Speaking to analysts at the company's Financial Analyst Briefing, Nadella also forecast that Microsoft will have 1 billion Windows 10 devices on the market by 30 June 2018. In its quarterly earnings report issued last week, Microsoft said total revenues from its cloud ventures more than doubled to a USD 6.3 billion run rate, most of it coming from Office 365 and Windows Azure.

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Categories: Fixed
Companies: Microsoft
Countries: World
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