HP Inc Lands On A New Cloud, Partners With Microsoft

Microsoft Corporation (NASDAQ: MSFT) announced Monday that it had entered into a six-year agreement with HP Inc (NYSE: HPQ) for the deployment of its Microsoft Dynamics to thousands of employees across HP.

HP was formerly a cloud partner of salesforce.com, inc. (NYSE: CRM).

During a Deutsche Bank technology conference Tuesday afternoon, Microsoft Cloud and Enterprise Group Vice President Scott Guthrie was asked whether the announced partnership was a harbinger of more success against the likes of Oracle Corporation (NYSE: ORCL) and salesforce.

Related Link: Oracle Expected To Report An In-Line Quarter, Says Macquarie

In response, Guthrie agreed that the HP deal was a "CRM takeaway" (CRM, aside from being salesforce's ticker, is also an acronym for Customer Relationship Management), that HP is making a massive migration to Dynamics, and called enterprise solutions Microsoft's "sweet spot."

In addition to Dynamics, HP will also employ other Microsoft offerings such as Office 365 and Azure.

At Time Of Writing ...

• HP Inc was trading at $14.27, up 0.63 percent.
• Microsoft was down 0.55 percent at $56.22.
• Oracle was up 0.19 percent at $40.30.
• Salesforce.com was up 1.12 percent at $73.88.

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