tl;dr
Microsoft's (NASDAQ:MSFT) Azure cloud business is expected to receive a formal complaint by the Competition Commission of South Africa, a government agency that regulates market competition, according to a Thursday report by Bloomberg. The regulator plans to accuse Microsoft of overcharging busines...
Microsoft's (NASDAQ:MSFT) Azure cloud business is expected to receive a formal complaint by the Competition Commission of South Africa, a government agency that regulates market competition, according to a Thursday report by Bloomberg. The regulator plans to accuse Microsoft of overcharging businesses to switch cloud licenses to other vendors, the report said, citing anonymous sources familiar with the filing. However, Microsoft told Seeking Alpha it has no knowledge of a pending complaint. "We’re not aware of a complaint by the South African competition authority but stand ready to answer any question they may have about our software licensing policies," said a Microsoft spokesperson. "Microsoft implemented software licensing changes two years ago which apply globally and enable South African customers to bring their Microsoft software licenses to any South African cloud provider at no additional cost." The Competition Commission is one of three independent statutory bodies established in 1998 to ensure fair "competition between firms in the market." The Commission's "Vision" is to eradicate "poverty and unemployment by 2030."
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 are 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
Change: $2.86
Change %: 11.02%
52-Week Range: $30.61 - $0.363
Volume: 227,583,001
Avg. Volume: 460.92 million
PE Ratio: 0.332
EPS: 0.176
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