Microsoft Inc. is planning to unveil a major reorganization on July 5, the subscription-based Puget Sound Business Journal has reported. The Seattle-based publication said sources told it the changes will better align the company with its cloud-first strategy. Microsoft has been putting more focus on its Azure cloud business, which competes with Amazon.com Inc.’s Amazon Web Services cloud-computing division, the leader in the business. Microsoft shares were slightly higher in premarket trade Friday, and have gained 10% in 2017, while the Dow Jones Industrial Average and the S&P 500 have gained about 8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News