Daily Report: Divergent Fortunes in Cloud Computing

If there is one conclusion to draw from the company earnings reported on Thursday, it is this: Cloud computing is a booming business. This point was never much in doubt, but the numbers sure reinforced it. Amazon said that Amazon Web Services, its cloud computing platform, is growing rapidly and would soon be a $10 billion a year business. Microsoft, widely considered the runner-up in the cloud computing market, said its commercial cloud business was also going gangbusters and has a $9.4 billion annualized run rate.

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