Microsoft targets US$20bil in annual cloud revenue by 2018


  • TECH
  • Thursday, 30 Apr 2015

A view of the Microsoft office entrance in Keilaniemi, Espoo July 16, 2014. REUTERS/Kristiina Lehto/Lehtikuva/Files

SAN FRANCISCO: Microsoft Corp is targeting US$20bil (RM71.21bil) in annual revenue from its cloud-computing businesses by the end of fiscal 2018, chief executive Satya Nadella said, signalling a tripling of such revenue in three years. 

The world's largest software company is one of the leaders in the cloud, essentially providing computing power and storage to customers through its network of datacentres. 

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