Microsoft’s share price (MSFT) hit record highs last week with after-hours trading topping $75 a share.
This comes after Microsoft announced better-than-expected financial results for Q2. As has been the case for the last several quarters, strength in Microsoft’s cloud business, including Office 365 and Windows Azure, has been the key to the company’s growth. Possibly the most noteworthy area of growth in Microsoft’s cloud sector has been revenue from Office 365, which Microsoft CFO, Amy Hood reports has surpassed traditional Office software licensing for the first time.
Microsoft has shown an ability to grow its business even as the PC market has stalled, reflecting moves the company made in the cloud since Satya Nadella took over as CEO. This further supports the industry’s paradigm shift to predominantly cloud based model and proves that it is not just a fad. And it makes sense – in almost all cases, cloud solutions like office 365 offer greater mobility, security, and flexibility and are less expensive than their on premises counterparts.
Here at Frankenstein, we are very experienced with Office 365 migrations and would be happy to assist your business with its cloud migration strategy, just give us a call!
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