Microsoft Beats Amazon For Pentagon's $10 Billion Cloud Computing Contract

CNBC: Microsoft snags hotly contested $10 billion defense contract, beating out Amazon

* The JEDI contract is worth up to $10 billion over 10 years.
* IBM and Oracle are among the companies that also sought the contract but ended up getting ruled out.
* Amazon has been a repeated target for President Trump, who announced in July that

Microsoft has emerged victorious in a dramatic competition for public cloud resources for the U.S. Defense Department, beating out market leader Amazon Web Services, the Pentagon said on Friday. The contract could be worth as much as $10 billion over a decade, according to a statement.

Microsoft stock rose as much as 3% in extended trading after the announcement, and Amazon stock dipped less than 1%.

The achievement highlights the emergence of Microsoft’s Azure cloud as a challenger to AWS and represents the latest victory for Satya Nadella, who took over from Steve Ballmer as Microsoft chief in 2014. Microsoft has also won major cloud-infrastructure deals from companies like Walmart even as AWS has kept growing.

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More News On Microsoft Beating Amazon For Pentagon's $10 Billion Cloud Computing Contract

Pentagon awards Microsoft $10B 'war cloud' contract, snubbing Amazon -- FOX News
Amazon Web Services is 'evaluating options' after Microsoft wins $10 billion JEDI contract out from under its nose -- Business Insider
Pentagon awards $10 billion cloud contract to Microsoft over Amazon -- The Hill
Microsoft beats Amazon for Pentagon's $10 billion cloud computing contract -- Reuters

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