In an article on CNBC, it was reported that Microsoft Corporation (NASDAQ:MSFT) is trying to sign major deals with startups around the world to get a huge penetration in the industry. The source quoted Scott Guthrie, who is the executive of Microsoft Corporation (NASDAQ:MSFT) Cloud infrastructure. Guthrie assumed the position after Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella became the CEO of the Redmond Giant. Since then, he is on the move. He has visited China and Singapore recently where Microsoft Corporation (NASDAQ:MSFT) is trying to help startups to build their Cloud infrastructure using Windows Azure tools and platforms.
Microsoft Corporation (NASDAQ:MSFT) is hoping big from its Cloud growth in the coming years. The source said that Cloud infrastructure market is worth $3.6 billion as of this year and it would grow by no less than 31% by 2018. Microsoft Corporation (NASDAQ:MSFT) CEO is reiterating from his first day in the office that Cloud and mobile are the key to success for Microsoft in the current marketplace.
The source said that Cloud is here to stay and no one denies this fact. Security problems and issues did not deplete the importunate need for Cloud. Enterprise is yearning for Cloud based platform and customization in order to leverage the resource strengths. Microsoft Corporation (NASDAQ:MSFT) has around 10% share in the Cloud market. Amazon is its competitor. Microsoft Corporation (NASDAQ:MSFT) has taken the route of helping startups with Windows Azure and building its grip in the emerging markets to tackle the Amazon web service behemoth. Microsoft Corporation (NASDAQ:MSFT) cloud commercial sales went up by 128%, but the overall Cloud sales for Microsoft are only 5%.
As of 30 June 2014, Ken Fisher’s Fisher Asset Management hold around 17.7 million Microsoft Corporation (NASDAQ:MSFT) shares.
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