Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN) have released their quarterly earnings and both companies have reported clear boost in Cloud sales and grip in the Enterprise. Microsoft Corporation (NASDAQ:MSFT)’s Cloud revenue is up by 106% which is huge and beats all the expectations. In a statement, Microsoft Corporation (NASDAQ:MSFT)’s CEO said that the customers and Enterprise continue to choose Microsoft Corporation (NASDAQ:MSFT) Cloud services to transform their business. Amazon.com, Inc. (NASDAQ:AMZN) on the other hand revealed its Cloud earnings for the first time with big claims. Amazon.com, Inc. (NASDAQ:AMZN) has claimed that its Cloud business can surpass its core retail business in the coming years.
Microsoft Corporation (NASDAQ:MSFT)’s commercial Cloud revenue boost has made up for the declines the company faced in mobile and software licensing line. The gigantic shift from native to mobile software and Cloud has started paying off for the company within a year.
Amazon.com, Inc. (NASDAQ:AMZN)’s Cloud business grew by 50% just last year. This makes it a $5 billion business. A program on CNBC reported that the scale of Amazon.com, Inc. (NASDAQ:AMZN) Web Services is becoming so big that it could result in a massive spin-off and Amazon could make it a separate business. Amazon.com, Inc. (NASDAQ:AMZN)’s Technology Chief claims that within next 10 years, Amazon’s Cloud business will beat its retail business.
The battle for Cloud is on between Microsoft Corporation (NASDAQ:MSFT) and Amazon. Both companies are targeting their segments in the Enterprise, but Microsoft Corporation (NASDAQ:MSFT) has a clear edge in the mobile. On the other hand, Amazon.com, Inc. (NASDAQ:AMZN) is leading in the Enterprise.
Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).
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