11 Best Publicly Traded Cloud Computing Companies

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3. Microsoft Corporation (NASDAQ:MSFT)

In Microsoft Corporation (NASDAQ:MSFT), the number of funds holding the stock declined by five to 121 between the beginning of January and end of March. As a leading software company, its cloud computing segment represents only a fraction of its entire business. Its Intelligent Cloud segment, which is responsible for the largest share of its cloud-generated revenue, posted sales of $6.80 billion in the company’s fiscal third quarter. In addition, Microsoft Corporation (NASDAQ:MSFT)’s Azure registered growth of 93% and the company said that its entire commercial cloud business reached an annual run rate of $15.20 billion, which it expects to reach $20 billion next year.

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