The future of computing is in the cloud, and right now the top three companies benefiting are names we're all familiar with: Amazon, Google and Microsoft.
Each of these tech giants invested a lot of money into the infrastructure necessary to make its cloud business boom. Last week, each company's earnings report showed that the investments paid off in terms of money and marketshare.
Amazon Web Services brought home $2.1 billion in revenue for Amazon.com — that's up 78 percent year-over-year. The service hosts IT infrastructure mainly for corporate accounts. (Video via Amazon)
Microsoft has also snagged a ton of enterprise cloud users. Revenue in the company's Intelligent Cloud segment, which tracks some of Microsoft's business products, was $5.9 billion. (Video via Microsoft)
But the company can also thank all those Office and One Drive users out there for its cloud gains.
"There are now more that 18 million consumer Office 365 subscribers. ... More than half a billion people manage their documents and photos in One Drive. ... Of note: Commercial Office 365 monthly active users grew to 60 million," CEO Satya Nadella said on the company's earnings call.
Read More : http://www.kivitv.com/newsy/investing-in-the-cloud-is-starting-to-pay-off-for-tech-firms
Each of these tech giants invested a lot of money into the infrastructure necessary to make its cloud business boom. Last week, each company's earnings report showed that the investments paid off in terms of money and marketshare.
Amazon Web Services brought home $2.1 billion in revenue for Amazon.com — that's up 78 percent year-over-year. The service hosts IT infrastructure mainly for corporate accounts. (Video via Amazon)
Microsoft has also snagged a ton of enterprise cloud users. Revenue in the company's Intelligent Cloud segment, which tracks some of Microsoft's business products, was $5.9 billion. (Video via Microsoft)
But the company can also thank all those Office and One Drive users out there for its cloud gains.
"There are now more that 18 million consumer Office 365 subscribers. ... More than half a billion people manage their documents and photos in One Drive. ... Of note: Commercial Office 365 monthly active users grew to 60 million," CEO Satya Nadella said on the company's earnings call.
Read More : http://www.kivitv.com/newsy/investing-in-the-cloud-is-starting-to-pay-off-for-tech-firms
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