Alliance supports demand for cloud solutions, aiming to compress years of innovation into months for 8,500 banking and financial institutions worldwide
Finastra and Microsoft Corp. on Monday announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services.
"This is a truly exciting step change in the relationship between our two companies," said Simon Paris, CEO, Finastra. "We believe the future of finance is open. Together with Microsoft, we can provide people, businesses and communities with the solutions and services that fit around their needs and lives, unlocking the power and potential of finance for everyone. As the pandemic has brought the future forward with regard to digitization, our vision to transform the world of financial services aligns closely with Microsoft's ambitions, and I believe that together we can help accelerate this digital shift."
Microsoft Corp. today announced the following results for the quarter ended June 30, 2020, as compared to the corresponding period of last fiscal year:
- Revenue was $38.0 billion and increased 13%
- Operating income was $13.4 billion and increased 8%
- Net income was $11.2 billion and decreased 15% GAAP (up 5% non-GAAP)
- Diluted earnings per share was $1.46 and decreased 15% GAAP (up 7% non-GAAP)
'The last five months have made it clear that tech intensity is the key to business resilience. Organizations that build their own digital capability will recover faster and emerge from this crisis stronger,' said Satya Nadella, chief executive officer of Microsoft. 'We are the only company with an integrated, modern technology stack - powered by cloud and AI and underpinned by security and compliance - to help every organization transform and reimagine how they meet customer needs.'
Microsoft Windows as a service in the works with new Cloud PC launch
"Consumers and businesses alike are well used to buying PCs running Microsoft's Windows operating system and then either installing their own applications, or using Office 365 or other cloud productivity applications.
However this model may soon change radically following reports that Microsoft is working on a new 'Cloud PC service' that will offer both OS and productivity applications via a subscription fee.
ZDNet has discovered that Microsoft was looking for a program manager for its Cloud PC team. The job description is not too detailed, but it gives a brief understanding of what Microsoft is working on and confirms the company's long-time intention to make Windows a service..."
MSCI Inc. and Microsoft Corp. have formed a strategic alliance to accelerate innovation among the global investment industry
"By bringing together the power of Microsoft's cloud and AI technologies with MSCI's global reach through its portfolio of investment decision support tools, the companies will unlock new innovations for the industry and enhance MSCI's client experience among the world's most sophisticated investors, including asset managers, asset owners, hedge funds and banks.
Initially, the companies will focus on migrating MSCI's existing products, data and services onto Azure as its preferred cloud platform in stages, starting with its Index and Analytics solutions followed by its Environmental, Social and Governance (ESG) products and ratings; Real Estate data and solutions; and MSCI's risk analytics platform Beon. By modernizing MSCI's data and analytics services and infrastructure, the companies will be able to deliver new capabilities which will help investors more swiftly and efficiently manage data and understand the drivers of risk and performance..."
Initiative is committed to leading by example, charting the course for other businesses to follow
"The heads of nine companies today announced the establishment of a new initiative to accelerate the transition to a net zero global economy. The initiative, known as Transform to Net Zero, intends to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net zero emissions.
The Initiative will be led by founding members including A.P. Moller - Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Inc., Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF). The Initiative is supported by BSR, which is serving as the Secretariat for the Initiative..."
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