Trending: Microsoft-owned LinkedIn is moving to the public cloud, and guess which platform it’s choosing?

microsoftlogo1-1024x680In his public appearances discussing Microsoft’s strategy, CEO Satya Nadella has made it clear that he believes the company has to be competitive in a “mobile-first, cloud-first world.” Based on its quarterly financial results, Microsoft is doing alright in that regard.

The company announced that its commercial cloud revenue, which includes its Azure cloud platform, Dynamics CRM service and Office 365 productivity suite for the enterprise, grew 114 percent year-over-year, and is operating at a $5.5 billion annualized revenue run rate. On the consumer side of things, the Office 365 subscriber base topped 9.2 million users, up 30 percent from the prior quarter.

Microsoft says that it’s the only cloud company at its scale to consistently grow revenue by triple digits. That growth comes as the company releases new features for Azure, including powerful compute instances for high-performance workloads and a new marketplace that offers software vendors the ability to sell their wares directly to Azure users.

This is all good news for Microsoft, which is stepping up its online services game, but it’s hard to tell how it stacks up against its competitors in the overall cloud market. Amazon doesn’t break out the revenue from its Web Services cloud division, and neither does Google.

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