Technology shares led United States stocks higher as investors awaited a flood of earnings reports later in the week. The euro touched a 4 month high as leaders made progress toward a stimulus package.
On Tuesday Microsoft Corp said it plans to roll out a version of its cloud-based software that will be modified to suit the needs of healthcare organizations.
Microsoft will invest $1 billion in Polish cloud project as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government institutions, the company said in a statement on Tuesday.
Cab hailing platform Ola is set to unveil a new connected car project through a strategic partnership with software major Microsoft, which will also include Microsoft pumping in around $200 million into Ola’s parent company ANI Technologies Pvt Ltd.
The Pentagon has awarded Microsoft a USD 10 billion cloud computing contract called JEDI. The contentious bidding process for the contract pitted Microsoft, Amazon and Oracle, among others, against one another. Bidding for the huge government contract has attracted more attention than usual, sparked by speculation early in the process that Amazon would be awarded the deal. Tech giants Oracle and IBM pushed back with their own bids.
Microsoft briefly overtook Apple as the world’s most valuable listed company, fulfilling what it almost did eight years ago and adding a feather on the cap on CEO Satya Nadella.