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Stockreport

Amazon Commits Another €10 billion to German Cloud, Logistics [BNN Bloomberg (Canada)]

Microsoft Corporation (MSFT)  More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The latest plans include €8.8 billion to build and maintain its cloud infrastructure for the AWS cloud computing business in the Frankfurt region by 2026, the company said in a statement on Wednesday. The commitment is in addition to the company's plans to spend €7.8 billion by 2040 to build a sovereign cloud business in the country. While the announcement was part of a meeting between Amazon's Chief Executive Officer Andy Jassy and German Chancellor Olaf Scholz, Amazon has made several similar commitments across the globe this year. Amazon also said last month it would invest €15.7 billion in Spain through 2033 and €1.2 billion on infrastructure and computing in France. That's in addition to projects in Mexico, the US, Saudi Arabia and Singapore. AWS is facing increasing competition from rivals including Microsoft Corp., which is mounting its own global expansion, as the industry races to increase data processing and storage capacity to meet greater computing needs driven by the [Read more]

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Stockreport

Amazon Commits Another €10 billion to German Cloud, Logistics [BNN Bloomberg (Canada)]

Microsoft Corporation  (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The latest plans include €8.8 billion to build and maintain its cloud infrastructure for the AWS cloud computing business in the Frankfurt region by 2026, the company said in a statement on Wednesday. The commitment is in addition to the company's plans to spend €7.8 billion by 2040 to build a sovereign cloud business in the country. While the announcement was part of a meeting between Amazon's Chief Executive Officer Andy Jassy and German Chancellor Olaf Scholz, Amazon has made several similar commitments across the globe this year. Amazon also said last month it would invest €15.7 billion in Spain through 2033 and €1.2 billion on infrastructure and computing in France. That's in addition to projects in Mexico, the US, Saudi Arabia and Singapore. AWS is facing increasing competition from rivals including Microsoft Corp., which is mounting its own global expansion, as the industry races to increase data processing and storage capacity to meet greater computing needs driven by the [Read more]

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