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Microsoft Targets $20 Billion In Annual Cloud Revenue By 2018


Ron Burgundy
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Microsoft CEO Satya Nadella delivers his keynote address at Microsoft Build in San FranciscoMicrosoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years. Microsoft said last week that its total commercial cloud revenue, which includes online versions of its Office and Dynamics applications, is running at $6.3 billion per year.




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