BENGALURU — Sharp growth in its commercial cloud computing business helped lift Microsoft’s quarterly revenue above Wall Street’s expectations, boosting the technology company’s shares more than 4%.The new and growing cloud business — essentially selling computing services and storage in its data centres to corporate customers — is one of the priorities for CEO Satya Nadella, who took the helm of the largest software firm in early 2014. Nadella has refocused the company on cloud and mobile in the face of stagnation in its traditional personal computer-based Windows business."Two companies are setting the tone of enterprise computing: Microsoft Azure and Amazon AWS," said Trip Chowdhry, the MD of Global Equities Research, referring to Amazon.com’s web services unit. "These are the only two initiators in the enterprise space that are going to see growth in excess of 80% year over year for at least two years."Microsoft’s revenue in its "intelligent cloud" businesses, including the Azur...
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