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Microsoft releases government cloud product; Nadella sells shares

Published 08/13/2018, 10:28 AM
© Reuters.  Microsoft releases government cloud product; Nadella sells shares
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  • Microsoft (NASDAQ:MSFT) releases its Azure Stack for Azure Government.
  • Stack gives customers similar services to the public cloud from a customer data center, providing a common experience for those taking the hybrid approach of public and private environments.
  • Microsoft also announces passing a third-party FedRamp certification process for cloud security.
  • The Pentagon recently released a final call for proposals for a $10B, winner-take-all cloud contract.
  • Microsoft, Oracle (NYSE:ORCL), and IBM (NYSE:IBM) are among the companies pushing for a fair shot at the contract that seems likely to go to Amazon (NASDAQ:AMZN) due to its dominance in the market.
  • CEO sale: In other Microsoft news, CEO Satya Nadella sold $35.9M shares, according to a filing on Friday.
  • The 328K shares weren’t part of a pre-planned sale and represented about one-third of Nadella’s previous holdings.
  • Microsoft shares are up 0.3% to $109.35.
  • Previously: Pentagon requests final proposals for $10B cloud contract (July 26)
  • Now read: Microsoft: This Might Turn Me Into A Bull


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