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 4 Apr 24

tl;dr

Cloud Software Group has announced a $1.65 billion commitment to Microsoft's cloud and generative AI capabilities over eight years. This move aims to strengthen the partnership with Microsoft, particularly in the go-to-market collaboration for the Citrix virtual application and desktop platform. The...

Cloud Software Group has announced a $1.65 billion commitment to Microsoft's cloud and generative AI capabilities over eight years. This move aims to strengthen the partnership with Microsoft, particularly in the go-to-market collaboration for the Citrix virtual application and desktop platform. The collaboration will also focus on developing new cloud and AI solutions. As part of the partnership, Citrix will be the preferred Microsoft Global Azure Partner solution for Enterprise Desktop as a Service when working with joint Azure customers. Additionally, Citrix will utilize Microsoft Azure as its preferred cloud solution, offering customers the benefits of the Citrix platform, complemented by Azure Virtual Desktop and Windows 365.

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Industry: Technology

Sector: Services-Prepackaged Software

Market Cap: 313.12 billion

Current Price: $38.15

Price Change: $2.86

Change Percentage: 11.02%

PE Ratio: 30.61

EPS: $0.363

Volume: 2,275,830,010

52-Week Range: $460.92

Beta: 0.332

Dividend Yield: 0.176

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24