Cloud revenue jumps, led by Microsoft and IBM

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Microsoft’s cloud revenue jumped 164 per cent in the second quarter, while IBM’s surged 86 per cent, according to a report last week by the Synergy Research Group. Amazon is still way ahead, with $962-million in cloud revenue, compared with $370-million for Microsoft, and IBM’s $259-million, Synergy estimates. But Amazon’s growth rate, at 49 per cent, was only slightly ahead of the torrid 45 per cent pace of the cloud market as a whole. Read here.

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