Strong Microsoft results illustrate movement to cloud services

Microsoft announced their FY16 Q4 results on July 19, 2016 and the market duly applauded. My eye was taken by the rather small subtitle on the results announcement that proclaims that the annualized revenue run rate for commercial cloud products had reached $12.1 billion, an increase of $4.1 billion over the year, underlining the strong growth in demand for cloud services. https://www.itunity.com/article/microsoft-fy16q4-results-show-strong-growth-cloud-revenues-3497