Microsoft has announced that sales of its flagship product in the cloud has doubled in the first fiscal quarter, propelling profits for the above estimates of analysts and taking the shares to a record that exceeded the level of 1999, at the height of the bubble in technology shares, reported the Reuters. The company’s shares have doubled in value since August 2013, with the chief executive officer, Satya Nadella, to restore the confidence of investors, focusing on mobile and cloud computing, instead of PCs. well known for its Windows operating system, Microsoft changed the focus to the cloud where it is in a duel with his greatest rival Amazon.com to control this still-nascent market. The jump in revenue shows how businesses around the world are turning to new applications in the cloud and leaving programs software. The titles of Microsoft rose by 6.2% to 60,79 dollars in trading after-hours. To settle on 60,43 dollars. The company is headquartered in Redmond, Washington, said sales of its main product, cloud, Azure, that enterprises can use to host their websites, applications, or data, increased by 116%. Revenues of your business broader “Intelligent Cloud” rose 8.3% to 6.380 million dollars (5.820 million euros), exceeding the estimated average of 6.270 (5.720) of analysts, according to research company FactSet StreetAccount.
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