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Microsoft Cloud Revenue: Quarterly Azure, Office 365 Results

Microsoft cloud revenues continued to surge in Q3 of fiscal year 2020, and the software company predicts it will meet Wall Street's financial expectations for Q4 fiscal 2020. The bold statements -- delivered today -- reinforce growing demand for Microsoft Azure and Office 365 despite the coronavirus pandemic.Among the Q3 highlights: Revenue for Microsoft's Intelligent Cloud business was $12.3 billion -- up 27 percent. Within that business unit, Azure revenue surged 59 percent.The figures easily outpaced rival Alphabet's Google Cloud Platform. Google Cloud revenues were $2.8 billion in Alphabet's most recent quarter, up 52 percent compared to the corresponding quarter last year, Alphabet said on April 28, 2020.In a prepared statement about Microsoft's earnings, CEO Satya Nadella said:
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