Microsoft says still on track to hit $20 billion commercial cloud run rate

After last week’s concession that it would miss its projected Windows 10 installation promise for mid-2018, Microsoft execs were quick to let everyone know that the company is still on track on the cloud side of its business.

Microsoft committed in 2015 that its commercial cloud run rate would hit $20 billion by during the company’s FY 2018 (July 2017 to June 2018). As of today, July 19, when it reported its Q4 FY 2016 earnings, Microsoft was at a $12.1 commercial cloud run rate, execs said. That’s up from $10 billion last quarter, and up from just over $8 billion in the year ago quarter. [1]

[1] By for ZDNet


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