The Message From Amazon And Microsoft: The Cloud Rules

April 25, 2015 1:59 AM

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The Message From Amazon And Microsoft: The Cloud Rules

Shares of Amazon.com Amazon.com and Microsoft Microsoft soared Friday as investors digested surprisingly vibrant profits and prospects from their cloud operations.

In fact, were it not for Amazon, up 14.1% to a record $445.10, and Microsoft, up 10.5% to $47.87, the major averages probably would have turned in losses for the day.

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