Microsoft’s cloud bet continues to pay off in latest earnings

“Overall server and cloud services revenue grew 18 percent year-over-year, alongside the massive 98 percent jump in Azure revenue” writes Jan Est for Revenue has jumped 12 percent year-over-year during the holiday quarter, and the trend of Microsoft’s success with the cloud has continued.Surface revenue is up just 1 percent, probably due to the only new Surface device in the quarter being the Surface Book 2 that launched in mid November.Microsoft’s Office 365 subscription bet for consumers is also paying off. 29.2 million people are now using Office 365 on the consumer side, with revenue increasing 12 percent year-over-year for Office consumer and cloud. On the commercial side, Office revenue is also up at a 10 percent increase since the same period last year Microsoft will now hold an earnings call at 5:30PM ET / 2:30PM PT, and we’ll update this article with any relevant information.

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