Microsoft Shares Surge After Controversial Pentagon Contract Win

(Bloomberg) — Microsoft Corp. shares surged after the company scored a major victory in securing a milestone, $10 billion Pentagon contract for cloud computing services. But the contract — unthinkable for Microsoft even a year ago — will likely come at a cost, legal and internal.Amazon.com Inc., the market leader in cloud services, is considering a challenge to the award of the contract to Microsoft’s much smaller Azure business, citing President Donald Trump’s interference in the bidding process, according to a person familiar with the matter. Amazon had been widely considered the front-runner because of its superior size and previous …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.