Cloud Computing: Microsoft Corporation Takes Office 365 into New Worlds

Grazed from InsiderMonkey. Author: David Woodburn.

Microsoft Corporation (NASDAQ:MSFT) has been getting some momentum for its Office 365 platform and its cloud computing services, including Azure. a couple of recent announcements have just solidified that growing momentum, as Microsoft (MSFT) has moved itself into a branch of the federal government and into China in separate deals that will feature Office 365.

These two deals my bode well for the firm as the cloud-computing universe continues to expand, and certainly investors in Microsoft (NASDAQ:MSFT) stock like billionaire fund manager Seth Klarman of Baupost Group, may be optimistic…

Domestically, Microsoft Corporation (NASDAQ:MSFT) won a contract with the U.S. Environmental Protection Agency (EPA) to provide Office 365 cloud-based services for collaboration and communications through longtime IT provider Lockheed Martin Corporation (NYSE:LMT) as part of a four-year contract worth nearly $10 million. There is no word as to what company provided these services in the past, but to see Microsoft Corporation (NASDAQ:MSFT) winning the contract against other cloud-computing services from Google Inc. (NASDAQ:GOOG) and others, can be seen as a significant step forward for Redmond. The services will be provided for about 25,000 EPA employees, and Lockheed Martin Corporation (LMT) will oversee the integration and transition, with the Office e-mail migration expected to be completed in early 2013…

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