Microsoft (NASDAQ: MSFT), the tech giant and the largest enterprise software company in the world, has just proven to investors yet again that it deserves the incredible rally

Microsoft (MSFT) and Alphabet (GOOG) (GOOGL) are two of the strongest and most profitable tech corporations in the world, and they are also direct competitors in different areas.

Shares of Microsoft have surged over 38% in the past year.

The company continues to benefit from strong growth in its cloud.

Both its P/E ratio and EV/EBITDA ratios are significantly higher than its 5-year averages.

Microsoft (NASDAQ:MSFT) says government clients can use its Azure cloud service starting in mid 2018.

Last November, Amazon (NASDAQ:AMZN) launched AWS Secret Region, a cloud data center region for U.S. intelligence services and government agencies with high-security clearance.

Microsoft (NASDAQ:MSFT) also unveild an Azure cloud platform tool for gene analysis for use at locations like St. Jude Children’s Research Hospital, which is already using the tech.

CWEB Analyst’s have initiated a Buy Rating for Microsoft (NASDAQ: MSFT) and a Price Target of $200 within 12 months.

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MSFT data by YCharts