When a Wall Street analyst asked Hood about the source of a large gain in cloud revenue — which includes Office 365 for businesses — and if Office for iPad played a part, the CFO declined to name any one factor. "I wouldn't point to one product area," Hood answered.
Microsoft has added an average of more than 1 million subscribers to the consumer-grade Office 365 plans each quarter since it rolled out the 'rent-not-buy' concept in early 2013. (Data: Microsoft.)
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