Microsoft (NASDAQ:MSFTMicrosoft (NASDAQ: shares have been paring back their losses on a spate of good news about the company from various quarters. The shares have been making good gains since MSFT corporate VP’s tweet that more than 75 million devices had already downloaded the new OS. Microsoft’s stock closed at $43.48 on Friday, 11th September.

In an earlier article, I discussed how Microsoft’s cloud would get a considerable boost from strong Windows 10 adoption.

Source: CNN Money

Office 365 : Most Popular App In The Enterprise

But Windows 10 is not the only Microsoft growth segment enjoying blistering growth. Access Security company, Bitglass, has now revealed that Microsoft’s Office 365 has grown its enterprise market share by more than 300% Y/Y this year, and in the process has overtaken Google Apps as the most popular app in the enterprise. Though investors are already aware of the fact that Microsoft’s cloud remains the company’s fastest-growing revenue segment, it has been difficult to discern where this growth has been coming from since Microsoft lumps together Office 365, Azure, and Dynamic CRM under its cloud sales, then reports cloud sales together with premium and consulting services under the ‘‘Commercial Other’’ segment. Moreover, it has not been clear how Office 365 stacks against other leading enterprise apps. But using the information provided by Bitglass, we can gain some useful insights into Microsoft’s cloud growth.

Some key highlights from the Bitglass report are: