Microsoft share price: Company announces cloud-computing partnership with Salesforce
iNVEZZ.com, Friday, May 30: Microsoft Corp (NASDAQ:MSFT) and Salesforce.com Inc (NYSE:CRM) yesterday announced a strategic partnership to connect the two companies’ software platforms.
This means Salesforce’s customer relationship management (CRM) programs will become available on Windows and Windows Phone operating systems, while Salesforce users will be able to access the Microsoft Office productivity suit.
The partnership marks a new chapter in the relationship between the two long-time rivals, and provides another sign of Microsoft’s new boss Satya Nadella’s commitment to his new ‘mobile first, cloud first’
vision for the company. It also marks a reversal for Salesforce’s chief executive officer Marc Benioff, who, just a few years ago, described Microsoft as the ‘evil empire’.
In yesterday’s trading, Microsoft shares closed up 0.8 percent at $40.34, extending their year-to-date advance to 7.8 percent. Salesforce’s share price rose two percent to $54.40.
“We are excited to partner with salesforce.com and help customers thrive in a mobile and cloud-first world,” Microsoft’s CEO Nadella commented in a statement. “Working together we’ll deliver new solutions that connect the customer insights of Salesforce to the cloud productivity of Office 365, the cloud platform of Azure and the mobility of Windows, so our customers can do more.”
The companies plan to achieve integration between their platforms through an array of solutions.
Customers will be able to access Salesforce applications on Windows devices, including PCs, tablets and phones. Plans also include “new interoperability between Salesforce and Office 365”, which would enable customers to access, share, edit and collaborate on Office content from within the Salesforce software platforms. Microsoft and Salesforce will also allow for fuller data integration features.
“This announcement is really about putting our customers first,” Salesforce CEO Marc Benioff said on a conference call, as quoted by Bloomberg.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
The terms of the deal weren’t disclosed.
**‘Mobile first, cloud first’**
Since becoming CEO of Microsoft nearly four months ago, Nadella has given clear indications that he will not be afraid to stir things up at the Redmond-based technology behemoth. Nadella quickly earned praise from analysts with moves such as making Microsoft Office available on Apple’s iPad. Nadella made it clear that he wanted to bring the company’s products to any device and sharpened the focus on cloud services and mobile. The new partnership will bolster Microsoft’s push in these areas, allowing it to work with a pioneer in cloud software.
“Nadella recognised the need to partner as the company cannot do this alone,” said Daniel Ives, an analyst at FBR Capital Markets, as quoted by Reuters. “Salesforce remains the pioneer of cloud computing and this significantly expands Microsoft’s cloud opportunity.”
**As of yesterday’s US close buy Microsoft shares at $40.34**
**As of yesterday’s US close sell Microsoft shares at $40.34**