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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Microsoft wins its biggest cloud computing client

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04/12/2012 | 11:27pm CEST
A visitor uses his mobile phone as he walks past the Microsoft booth with a logo for cloud computing software application at the CeBit computer fair in Hanover

LONDON (Reuters) - Microsoft announced its biggest-ever customer for cloud computing - software that it hosts on behalf of clients and delivers over the Internet - after winning a contract to provide free services to a major Indian education body.

Microsoft, which was built on the sale of expensive software that is installed on individual computers, has been forced by competition from Google and others to branch out into the fast-growing world of cloud computing.

The U.S. software giant said on Thursday it would provide its [email protected] communication and collaboration software to more than 7 million students and half a million teachers through a deal with the All India Council for Technical Education.

The service, which Microsoft is providing for free as part of its education initiative, includes email, Office Web applications, instant messaging and storage.

For users, cloud computing is inexpensive and simple, because it removes the need to spend time and money on installing software and managing servers.

Large government departments are prime targets for vendors such as Microsoft and Google.

Last June, Microsoft unveiled a revamped online version of its hugely profitable Office software suite.

(Reporting by Georgina Prodhan, editing by Jane Baird)

Stocks treated in this article : Google Inc, Microsoft Corporation
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MICROSOFT CORPORATION -2.29% 98.125 Delayed Quote.17.38%
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Financials ($)
Sales 2018 136 B
EBIT 2018 32 836 M
Net income 2018 31 266 M
Finance 2018 82 408 M
Yield 2018 -
P/E ratio 2018 26,49
P/E ratio 2019 24,68
EV / Sales 2018 5,33x
EV / Sales 2019 4,26x
Capitalization 807 B
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 1 258 $
Spread / Average Target 7,6%
EPS Revisions
Managers
NameTitle
Lawrence E. Page Chief Executive Officer & Director
Sergey Mikhaylovich Brin President & Director
John LeRoy Hennessy Chairman
Ruth Porat Chief Financial Officer & Senior Vice President
Eric E. Schmidt Director & Technical Advisor
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