Microsoft's cloud transformation has it on track to be the next $1 trillion company (MSFT)

Microsoft's embrace of cloud-based software and services is transforming its business.
Revenue from the company's Azure cloud computing service and the cloud-based version of its Office suite is growing rapidly.
Analysts expect the company's earnings report, which comes out Wednesday, to confirm that this boom is continuing.Microsoft is shedding the pelt of its aging PC software business and trying to turn heads with its new look as a cloud superstar.
If it pulls off the makeover, the company co