Microsoft’s plan to become a major cloud competitor is working

Microsoft hit a new milestone in its cloud services business this quarter: it’s now able to project over $20 billion in annual revenue. While that may seem like a big but arbitrary milestone, it’s an important one for Microsoft. In 2015, a year after being named the company’s CEO, Satya Nadella said he wanted Microsoft to hit that target sometime in 2018 — a big jump up from the $6.3 billion business it was back then. Depending on how you’re counting (Microsoft&rsqu