Microsoft beat out Amazon for a hotly contested $10 billion defense contract. So, what is the JEDI contract, and what does this mean for Microsoft?
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"For over 40 years, Microsoft has delivered innovative, proven and secure technologies to the US Department of Defense.
f the Joint Enterprise Defense Infrastructure deal, known by the acronym JEDI, ends up being worth $10 billion, it would likely be a bigger deal to Microsoft than it would have been to Amazon. Microsoft does not disclose Azure revenue in dollar figures but it's widely believed to have a smaller share of the market than Amazon, which receivedEarly in the process Amazon was seen as the favorite, partly because its AWS business won a deal with the CIA in 2013.
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