Online infrastructure is under strain as more people work from home and practice social distancing. One industry that is benefiting from this is cloud services. Microsoft (NASDAQ: MSFT) is seeing a significant increase in Microsoft Teams, Windows Virtual Desktop, and Power BI, which are powered by Microsoft Azure -- the second largest cloud services provider behind Amazon.com's (NASDAQ: AMZN) Amazon Web Services.
"We have seen a 775 percent increase of our cloud services in regions that have enforced social distancing or shelter in place orders," as Microsoft reported in a blog update on March 28.
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