According to this article on Marketwatch, Microsoft is gaining momentum with its Azure product line, which saw a 140% year-over-year jump in revenue in constant currency. Amazon Web Services reported $2.4 billion in sales for AWS on Thursday, with $687 million in operating income, for a revenue growth rate just shy of 70% — about half of Azure’s reported rise, though Amazon’s number did not use constant currency.
Microsoft continues to leverage it's long relationship with enterprise customers and is using it's success with Office 365 to build ties with Azure as well. Amazon still has a huge lead over Microsoft, but with double the growth it won't be long until that margin shrinks.
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