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U.S. IT giants grow on cloud computing

IT giants like Amazon, Microsoft, Google are pinning high hopes on the cloud computing, which is a big success. All the firms released data showing outstanding profits for the quarter yesterday, revealing a great change in business computing putting aside own data centers and going into the cloud.

Azure of Microsoft expanded by nearly 100% compared to the figures of the preceding year. Microsoft does not give the numbers on Azure specifically, but according to Canalys, a research company, it produced $2 bln of profits.

Choosing the cloud could be of great use for Microsoft by all means, and it proves true, said Fort Pitt Capital Group’s Kim Forrest.

An important deal that improved Microsoft’s quarter was a retailer Costco agreement to work with Azure. It happened 2 months after Amazon finalized the deal of purchasing Whole Foods grocery company, which raised concern among various retailers and businesses in relation to the use of Amazon, said Gartner’s Ed Anderson.

Amazon might get what it lacks to introduce changes to Amazon Web services. Development of the services in the future might be needed to stop a flight of clients, said Tim Green of Motley Fool.

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