Microsoft’s Nadella sets lofty cloud goals
Less than a week after reporting that Microsoft’s enterprise cloud business is currently on an annual run rate of US$6.3 billion, CEO Satya Nadella says the company’s goal is to increase that figure to $20 billion by fiscal year 2018.“That’s the cloud that we want to build,” he said Wednesday at the company’s briefing for financial analysts during its Build conference in San Francisco. “It’s leading with some of our SaaS applications and having the IaaS, PaaS capability and our servers, which are the edge of our cloud. That’s our vision. That’s why we believe that we get to participate in future growth.”Run rate is simply quarterly revenue presented on an annualized basis. Microsoft’s cloud business includes its Azure platform and cloud versions of Office 365 and Dynamics CRM.To read this article in full or to leave a comment, please click here