Microsoft’s Cloud computing and AI businesses are on the rise as the company sees more success with software than hardware.
Microsoft’s latest earnings call reveals the company is increasingly relying on its Cloud and AI businesses for future gains.
Cloud revenue grew 22% year-over-year, and “Intelligent Cloud” saw a 20% bump as well. Microsoft’s Cloud services include a range of cloud-hosted software solutions for businesses, including Microsoft Defender, Sentinel, Azure, AI, and other offerings. The Intelligent Cloud consists of server products and cloud services including GitHub cloud services and other cloud computing options.
The company also believes its AI business may rise to $10 billion by mid-2025, according to a post from Microsoft Communications Lead Frank Shaw.
