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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen3/8/2018 1:01:43 PM
   of 1084
 
Amazon, Oracle, Microsoft Jockey for Pentagon's Cloud Business



In late February, Oracle Corp. co-CEO Safra Catz met with a top Pentagon official to discuss the government’s defense strategy days before the department was set to outline how it plans to spend billions of dollars on cloud-computing services.

Catz’s meeting with Deputy Secretary of Defense Patrick Shanahan, which was confirmed by a department spokesman, came as technology companies are raising concerns that the Pentagon is leaning toward choosing Amazon.com Inc.’s cloud division as a single provider for a multiyear contract to modernize its technology infrastructure.

Having already won two other government cloud contacts, Amazon Web Services is widely perceived as the front-runner for the Defense Department’s cloud award, while companies including Oracle, Microsoft Corp., and International Business Machines Corp. fight for a piece of that business.

Oracle has a vested interest in how the contract is awarded because it has long-term contracts with multiple government agencies that use its flagship database to store information on their own systems. As the agencies look to switch to cloud computing and eye market leader Amazon, these moves threaten Oracle’s traditional revenue sources. Oracle has tried to protect its database business by offering cloud services of its own but has come late to that market.

Read More – Data Center Knowledge
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