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Cloud Computing Services

Kimberly Redmond | Equities.com |

Microsoft Corporation’s chief executive officer Satya Nadella has been named chairman of the company’s board, the software giant announced Wednesday.

In a statement, Microsoft said that Nadella had been “unanimously elected” to replace John W. Thompson in the position. Thompson will stay on the board as lead independent director – a post he held from 2012 to 2014, the company said.


Reuters | Equities.com |

Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries.


Kimberly Redmond | Equities.com |

Microsoft Corporation (Nasdaq: MSFT) announced Monday it will establish its first datacenter region in Malaysia, as part of a plan to help advance the country’s digital economy.

The new datacenter region in greater Kuala Lumpur will provide local customers access to Azure, Microsoft 365, Dynamics 365 and Power Platform and provide users the ability to store data in-country, the company said.


Reuters | Equities.com |

Bosch will work with Microsoft on a software platform for vehicles, it said on Thursday, as it strives to get a foot in the door to the fast-growing market for electromobility and automated driving technologies.

By using cloud technology, the software platform will ensure that vehicles’ control units and computers can get software throughout their life time, the German auto supplier said.


Reuters | Equities.com |

Cisco Systems Inc on Tuesday reported a decline in revenue for a fifth straight quarter, as enterprise clients spent less on its network infrastructure products for offices due to the rise of remote working.

The dour performance overshadowed a better-than-expected forecast for current-quarter revenue and sent the company’s shares 4% lower in extended trading. The stock had risen nearly 8% last week ahead of the results.


Reuters | Equities.com |

Google parent Alphabet Inc (Nasdaq: GOOGL) on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it will resume big spending on hiring and facility construction.

Alphabet shares jumped about 8% to $2,067 in extended trading.

Google, which generates more revenue from internet advertising than any other company, benefited from lockdowns that drove retail and other clients online, helping offset cutbacks by travel and entertainment advertisers.


Reuters | Equities.com |

Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc’s Google to develop new consumer services and modernize internal operations, the companies said on Monday.

As part of a six-year partnership, the Dearborn, Michigan-based automaker will incorporate the tech giant’s Android operating system into its Ford and Lincoln vehicles starting in 2023.


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IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty.

The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, where companies use a combination of their own datacenters and leased resources to manage and process data.


Reuters | Equities.com |

Self-driving car maker Cruise and majority shareholder General Motors Co said on Tuesday they would partner with Microsoft Corp to commercialize driverless autonomous vehicles.

Microsoft will join General Motors, Honda Motor Co and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion.

Cruise will use Azure, Microsoft’s cloud computing platform, for its self-driving vehicles.