The Traderszone Network

Published in TZ Latest News 29 April, 2015 by The TZ Newswire Staff

Microsoft targets $20 billion in annual cloud revenue by 2018

Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years. Microsoft said last week that its total commercial cloud revenue, which includes online versions of its Office and Dynamics applications, is running at $6.3 billion per year.