[ksec]

We used to use the word Cloud as VM, or Hardware Infrastructure related only. Now every online Services are "Cloud Revenue." Adobe should rename their Subscription as "Cloud Revenue" as well. I am sure Wall Street like a new spin on everything.

While for Amazon, how is Online Retailing not "Cloud Revenue", or pretty much everything for Amazon should be Cloud Revenue.

[segmondy]

well, Amazon gets to charge for hosted database, cache, queues etc. So I cans see why Microsoft will decide to claim hosted software as well. The real reason tho is more that Wall Street has no idea and it looks like they have grown really fast, caught up and passed AWS.