The probe comes amid rising concerns that the U.S. In May, the EC opened an investigation into MSFT's Azure cloud business. The EU is also reportedly worried about Microsoft's data collection practices and whether it complies with the privacy regulations, such as the General Data Protection Regulation. The tech giant previously faced a fine of 2.2 billion euros ($2.40 billion) in EU antitrust over the past decade for bundling or tying multiple products together. Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Mounting Pressure on Microsoft's Cloud Business Practices Microsoft Corporation Price and Consensus The consensus mark for earnings is pegged at $2.65 per share, indicating a year-over-year increase of 12.77%. The Zacks Consensus Estimate for MSFT’s first-quarter fiscal 2024 revenues is pegged at $54.41 billion, indicating year-over-year growth of 8.56%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of this Zacks Rank #3 (Hold) company have gained 36.7% year to date compared with the Zacks Computer and Technology sector’s rise of 40.3% in the same period. MSFT remains open to further engagement with the EC and other stakeholders to find pragmatic solutions that benefit both customers and developers in Europe. Microsoft suggested that these steps may not necessarily resolve all concerns, but the company sees them as constructive actions to address immediate issues. This approach will be similar to how the company hosts Office web applications within Teams. This move aims to address requests from competitors of Teams who wish to rely on Microsoft's functionality instead of building their own solutions. MSFT will develop new mechanisms to allow third-party solutions to host Office web applications. ![]() New support resources will be created to guide developers and customers in using application programming interfaces and extensibility features, including data transfer from Teams to other solutions. The company plans to enhance its existing resources on interoperability, making it easier for application developers to work with Microsoft 365 and Office 365 apps and services. Microsoft acknowledges the need for better interoperability between rival communication and collaboration solutions and Microsoft 365 and Office 365 suites. Existing enterprise customers, who already have a suite with Teams, can choose to remain with their current suite or move to a suite without Teams. Teams will still be available for new enterprise customers to purchase separately at a price of 5 euros per month or 60 euros per year. This means that customers in these regions will have the option to choose a business suite without Teams at a lower price (2 euros per month or 24 euros per year). ![]() Starting from Oct 1, 2023, the company will unbundle Microsoft Teams from its Microsoft 365 and Office 365 suites in the EEA and Switzerland. This move led to the European Union (EU) investigation that started in October 2021. ![]() CRM-owned Slack, a fierce rival of Microsoft, filed a complaint in July 2020, accusing MSFT of anti-competitive behavior by forcing Teams onto Office subscribers and obscuring its true cost. Microsoft MSFT recently announced to make some proactive changes in response to the European Commission's (EC) formal investigation regarding the bundling of Microsoft Teams with Microsoft 365 and Office 365 suites for business customers in the European Economic Area (EEA) and Switzerland.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |