Microsoft beats economists’ revenue expectations thanks to Azure

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Microsoft’s revenue continues to grow thanks to its Azure cloud offering; however, the company’s rate of growth has slowed, which is reflected by the recent news that it let go 1,000 employees.

Cloud will continue to drive Microsoft’s revenue, as the growth of this industry is showing no signs of slowing down. The technology now permeates every part of our lives. With remote work now a fixture for many of us, tools like Teams have become staples, while in our personal lives even the activities we enjoy during our spare time depend on cloud technology, with online gaming and VR more popular than ever.

Microsoft’s ability to provide a full suite of services and technologies means it will continue to dominate the market. Thanks to the ease at which its technology can be integrated, businesses and individuals have new-found flexibility and freedom when it comes to cloud – ideal for a post-pandemic hybrid world.