Channelnomics Original

Cloud Dominates Vendors’ Revenue

July 19, 2019

Earnings reports from Microsoft, IBM, and others show cloud computing is dominant source of revenue, growth, and value

Saying cloud computing is a growth opportunity is almost cliché. For years, the industry has watched cloud services eat away at traditional hardware and software models. Yet something remarkable happened over the past three months at Microsoft. For the first time, cloud services overtook sales generated by its Windows operating system. And Microsoft isn’t the only company that’s buoyed by cloud services.