Despite beating Amazon.com Inc. (AMZN) for a new 10-year, $10 billion Pentagon cloud contract, Microsoft Corp. (MSFT) will have to race to catch up to its larger rivals. Now, however, Azure’s Chief Technology Officer is confident that Microsoft will overtake the e-commerce giant in the cloud war, as outlined by Barron’s. While Microsoft's cloud sales grew 59% in the latest quarter, versus a 35% rate for Amazon Web Services over the same period, Amazon remains No. 1 in public cloud computing services with a whopping 47.8% market share last year, followed by Microsoft at 15.5%, and Alibaba Group Holding (BABA) at 7.7%. Read More...
Why Microsoft Will Have to Race to Catch Up to Amazon in Cloud Sales
Despite beating Amazon.com Inc. (AMZN) for a new 10-year, $10 billion Pentagon cloud contract, Microsoft Corp. (MSFT) will have to race to catch up to its larger rivals. Now, however, Azure’s Chief Technology Officer is confident that Microsoft will overtake the e-commerce giant in the cloud war, as outlined by Barron’s. While Microsoft’s cloud sales grew 59% in the latest quarter, versus a 35% rate for Amazon Web Services over the same period, Amazon remains No. 1 in public cloud computing services with a whopping 47.8% market share last year, followed by Microsoft at 15.5%, and Alibaba Group Holding (BABA) at 7.7%.
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