Microsoft Leads The Way With Cloud Services As Wall Street Expectations Crumble

On Thursday, Microsoft proved most analysts false as it posted a profit that they haven't foreseen, thanks to its Azure cloud computing platform.

Reuters reports the Office 365 productivity suite as another key contributor to its Wall Street drive.

The Azure suite, its flagship offering, posted a growth of 89 percent last June 30. With cloud computing being a big thing in corporate productivity, the software developer has enjoyed a push unprecedented by analysts. Its cloud computing suite has been one of many used by companies to create an easier time storing files as well as creating peer-to-peer connectivity.

Microsoft's drive is worth for a 17.5 percent rise in revenue. That's worth $30.09 billion, about $1 billion above expectations which were actually $29.21 billion.

This may be thanks in part to Satya Nadella's leadership. The chief executive entered operations in 2014. Since then, he has been re-directing the focus of the company on cloud computing rather than on producing PC software. The risks have paid off, apparently, as the profits soared up to above $800 billion-a first ever for a long time.

Azure follows the leader closely in cloud infrastructure marketing worldwide. That honor belongs to Amazon's Web Services, according to Independent.

Daniel Ives of research firm GBH Insights shares the idea held by many that Nadella is a huge part of Microsoft's cloud computing services drive. According to Ives, Nadella can be thanked for what has since happened to Microsoft's shared. Nadella's leadership has produced fruit for Microsoft's cloud computing branch, creating dividends.

Another big help is the company's LinkedIn business, the job network, which is worth 37 percent of its revenues. A big combination of the two has been the driving force behind Microsoft Corp.'s strong performance in Wall Street, as observed by Johnny Won of tech consultancy Hyperstop.

One other notable mention is Microsoft's business process unit which is responsible for Office 365. It is worth 13.1 percent or up to $9.67 billion, at least higher than the $9.65 billion expected by analysts.