Microsoft’s Cloud Investments are Paying Off in Massive Customer Growth

Microsoft’s latest financial results were published for the second fiscal quarter and they show their investments in the cloud are paying off with massive growth numbers for Azure and Office 365.

Microsoft’s cloud business is growing at 140% year over year growth and while they are a clear #2 to Amazon AWS, they are catching up (AWS is only growing at a rate of 69%).  Office 365 revenue grew by 70% and Dynamics CRM Online doubled the number of seats year over year.

Microsoft is now projecting an annualized run rate of $9.4 billion for cloud revenue, up from just last quarter’s projection of $8.2 billion.