Amazon.com Inc’s lawsuit names Donald Trump for loss of Pentagon’s $10 billion cloud computing contract

In a complaint filed in the U.S. Court of Federal Claims, Amazon Inc has accused U.S. President Donald Trump of having a bias and exerting “improper pressure” in the awarding of a $10 billion cloud computing contract to its rival, Microsoft Corp. Amazon’s complaint states, Trump had launched a “repeated public and behind-the-scenes attacks to…

Amazon’s cloud business facing antitrust scrutiny from FTC

As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…

Amazon.com contests Pentagon’s $10 billion cloud computing award to Microsoft

In a statement Amazon.com Inc disclosed it is contesting the Pentagon’s award of an up to $10 billion cloud computing deal to Microsoft Corp. Amazon.com has expressed concerns that politics may have got in the way of a fair contracting process. Last Friday, Amazon.com had filed a notice that it will formally resist the decision…

Microsoft wins $10 billion cloud computing contract from the Pentagon

Microsoft beat Amazon Web Services in securing the contract. Microsoft Corp has beaten Amazon.com Inc in winning a $10 billion cloud computing contract from the Pentagon, said the Defense Department in a statement. The contracting process, mired in allegations of conflict of interest even drew the attention of President Donald Trump, who has publicly taken…

Amazon courts space industry, adds antenna service for satellites to its cloud business

The move is significant as it marks Amazon.com’s growing ambition to tap contracts from the U.S. Department of Defense. Amazon.com Inc, the world’s biggest online retailer and also the world’s top cloud computing company, stated it was starting a new antenna service for uploading and downloading data from satellites; the move underscores its efforts to…

Cloud-security firm Netskope raises $169 million in latest funding round

The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…

Trump’s tax law takes a $13.8 billion bite from Microsoft Corp’s 4th quarter revenues

The growth in Microsoft’s Azure cloud computing service is one of the reasons why the tech giant’s shares have risen by nearly 50% in the last 12 months. Despite Microsoft Corp’s quarterly revenues beating Wall Street’s forecast, recent changes in U.S. tax law took a one-time bite of $13.8 billion from its earnings. Boosted by…