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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
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Microsoft : and ServiceNow announce strategic partnership

07/09/2019 | 09:08am EST
Together the two companies will accelerate digital transformation for enterprise and government customers
ServiceNow moves workloads to Microsoft Azure for highly regulated industries

Redmond, Wash., and Santa Clara, Calif. - July 9, 2019 - Microsoft Corp. (NASDAQ: MSFT) and ServiceNow (NYSE: NOW) today announced a broader strategic partnership intended to significantly enhance the integration and optimization of the companies' products, platform and cloud capabilities. Through this expanded partnership, the companies will enable enterprise customers in certain highly regulated industries, as well as government customers, to accelerate their digital transformation and drive new levels of insights and innovation. And, for the first time, ServiceNow will house its full SaaS experience on Azure in addition to its own private cloud. The expanded partnership will elevate ServiceNow to one of Microsoft's strategic partners in its Global ISV Strategic Alliance Portfolio.

'There is an enormous opportunity for customers - including in the public sector - to apply the power of the cloud to become more efficient and responsive,' said Satya Nadella, CEO of Microsoft. 'Our partnership combines ServiceNow's expertise in digital workflows with Azure, our trusted cloud, so that customers can accelerate their digital transformation, while meeting their security and compliance needs.'

'Expanding our strategic global relationship with Microsoft enables ServiceNow to more fully leverage and integrate our platform and products with Microsoft's leading enterprise technology and capabilities,' said John Donahoe, president and CEO of ServiceNow. 'Together, ServiceNow and Microsoft will help our enterprise and government customers accelerate their digital transformation, creating great experiences and unlocking productivity.'

The expanded agreement builds on a partnership announced last fall by Microsoft and ServiceNow. As leading enterprise technology platforms, Microsoft and ServiceNow make it easier for customers to integrate and optimize across the two companies' products and platforms. By collaborating on next-generation experiences, Microsoft and ServiceNow will leverage technology to bring further cognitive services and intelligence to products across the Now Platform® with Microsoft 365 and Azure.

ServiceNow Selects Microsoft Azure for Certain Highly Regulated Industries
ServiceNow will use Azure Cloud as part of its preferred cloud platform for certain highly regulated industries, benefiting from Microsoft's deep expertise in data protection, security, and privacy, including the most comprehensive set of compliance offerings of any cloud service provider. ServiceNow will first be available through Azure Regions in Australia and Azure Government in the United States, followed by additional markets in the future.

With ServiceNow available through Azure Government, U.S. government agencies will be able to leverage the compliance coverage across regulatory standards available through Azure. Microsoft is committed to supporting the full spectrum of government data to help agencies quickly and easily achieve their necessary requirements. Azure Government was built specifically to address the capabilities, performance and compliance needs of U.S. government customers and their partners. Azure Government enables innovation with deeply integrated cloud services, data and advanced analytics, and an open application platform that provides the building blocks to rapidly develop, deploy and manage intelligent solutions.

The U.S. federal government continues to look to ServiceNow as a strategic partner as it modernizes its IT infrastructure and accelerates its use of modern technology to digitally transform how it operates.

Microsoft Selects ServiceNow to Digitize Its Workflows
As part of a separate transaction, Microsoft will implement ServiceNow's IT & Employee Experience workflow products across its own business to improve operations, enhance employee experiences, and deliver stronger business outcomes. With ServiceNow, Microsoft will bring even more digital workflows into its organization, so employees can spend less time on manual tasks.

About Microsoft
Microsoft (Nasdaq 'MSFT' @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About ServiceNow
ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud‑based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit: www.servicenow.com.

© 2019 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

Use of ForwardLooking Statements
This release contains 'forward‑looking statements' regarding our future plans and performance. Forward‑looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward‑looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward‑looking statements we make.

Factors that may cause actual results to differ materially from those in any forward‑looking statements include: (i) our ability to integrate our products with Azure in a manner that satisfies customers and potential customers in regulated markets and (ii) changes in the regulatory landscape in the United States and internationally with respect to data data residency, data sovereignty, data localization or other regulations relevant to enterprises operating in highly regulated industries around the world.

We undertake no obligation, and do not intend, to update these forward‑looking statements.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rrt@we-worldwide.com

Kari Ramirez, ServiceNow, (408) 607-1315, press@servicenow.com

Disclaimer

Microsoft Corporation published this content on 09 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2019 13:07:03 UTC


© Publicnow 2019
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,9x
Yield 2021 1,01%
Capitalization 1 627 B 1 627 B -
EV / Sales 2021 9,81x
EV / Sales 2022 8,76x
Nbr of Employees 163 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 215,23 $
Spread / Highest target 29,2%
Spread / Average Target 12,7%
Spread / Lowest Target -16,4%
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NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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