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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

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Microsoft : Amazon to seek order to block Microsoft from working on DoD's JEDI contract

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01/14/2020 | 12:46am EST
The logo of Amazon is seen at the company logistics centre in Boves

Amazon.com Inc will ask a judge to temporarily block Microsoft Corp from working on a $10 billion cloud contract from the Pentagon, a court filing showed on Monday.

Amazon, which was seen as a favorite for the contract, plans to file a motion for a temporary restraining order on Jan. 24 and a federal court will issue its decision on Feb. 11, according to the filing.

The e-commerce giant has blamed U.S. President Donald Trump of exerting "improper pressure" and bias that led the U.S. Department of Defense (DoD) to award the Joint Enterprise Defense Infrastructure Cloud (JEDI) contract to Microsoft.

The Department of Defense has stood by its decision, with its Secretary Mark Esper rejecting any suggestion of bias and saying the decision was conducted freely and fairly, without any outside influence.

The JEDI contract is part of a broader digital modernization of the Pentagon meant to make it more technologically agile. Specifically, a goal of JEDI is to give the military better access to data and the cloud from battlefields and other remote locations.

Microsoft did not have a comment on Amazon's intent to file the motion. Amazon did not respond to a request for comment and the DoD could not be immediately reached.

(Reporting by Rama Venkat in Bengaluru; Editing by Anil D'Silva)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM -0.15% 1884.58 Delayed Quote.2.39%
MICROSOFT CORPORATION 0.62% 166.72 Delayed Quote.5.07%
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Financials (USD)
Sales 2020 140 B
EBIT 2020 49 655 M
Net income 2020 41 464 M
Finance 2020 71 793 M
Yield 2020 1,22%
P/E ratio 2020 30,7x
P/E ratio 2021 27,3x
EV / Sales2020 8,50x
EV / Sales2021 7,56x
Capitalization 1 264 B
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Mean consensus BUY
Number of Analysts 36
Average target price 174,56  $
Last Close Price 165,70  $
Spread / Highest target 23,7%
Spread / Average Target 5,35%
Spread / Lowest Target -9,47%
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Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
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