Microsoft’s cloud business has been a key driver of the company’s financial success in recent years, as it has helped the company weather challenging economic times. The company’s Azure cloud platform has become one of the most popular cloud computing services in the world, and its Office 365 and Dynamics 365 products have seen significant growth in the past few years. Microsoft’s cloud business has allowed the company to diversify its revenue streams and reduce its reliance on traditional products and services.
The company has been able to continue to post strong profits in 2020, despite the economic downturn brought on by the COVID-19 pandemic, thanks in large part to the success of its cloud business. Microsoft’s cloud offerings have also allowed it to expand into new markets, such as artificial intelligence and machine learning, helping to drive future growth.