Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter

▤ Summary

Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of changes to U.S. tax law.All this, together with earnings that just about beat what Wall Street was looking for, led to a collective shrug for investors as the stock basically went nowhere.Since Satya Nadella has taken over, much of the narrative has shifted to the transition of Microsoft to a true player in cloud computing.As more and more companies start to find value in using up computing resources on demand rather than investing heavily in their own hardware, Microsoft has ridden that wave along with others to build out a massive business.In October, the company said it exceeded the $20 billion ARR for its commercial cloud target it set about two years ago.

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