Microsoft’s Cloud Trip Is No Free Ride – Wall Street Journal

For Microsoft, shifting its business to the cloud has been the right decision—albeit an expensive one.

While now just one-third of the company’s revenues, Microsoft’s cloud business is the company’s primary driver of growth—and its stock price. The latter point was painfully clear in the company’s most recent quarterly report in April, when a small miss for the cloud business translated into a big selloff in the stock. The shares…


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