Cloud Giant Microsoft Records Loss in Profits but Increased Cloud Activity
January 29, 2016
Cloud giant Microsoft has recorded a loss in profits and revenue in 2015 but increased cloud activity. Microsoft, whose headquarters are in Redmond, Washington, United States, was traditionally a software company famous for its Windows operating system and its Microsoft Office collaboration and productivity suite. Over recent years the company has shifted to cloud activity with products like Azure and Office 365.
Microsoft’s shift to the cloud has been driven by Satya Nadella, who initiated a 'mobile-first, cloud-first' strategy for the company when he joined the company as CEO in 2014. The strength of the corporation’s cloud business is balancing the company’s personal computer business activity, which has seen a significant decrease over recent years.
News that Microsoft’s cloud business was improving added 5% to the corporation’s stock, while its shares increased 28% over the whole of 2015. This increase is set against a backdrop of shares in companies like Oracle and IBM decreasing in the same period. Revenue fell to $23.8 billion, down from $26.5 billion at the same time the previous year.
“Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas,” explained Satya Nadella on the company’s website. “Businesses are also piloting Windows 10, which will drive deployments beyond 200 million active devices.”