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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/14 04:00:00 pm
148.06 USD   +0.51%
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Microsoft : EU data watchdog raises concerns over Microsoft contracts

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10/21/2019 | 08:00am EST
FILE PHOTO: Visitors stand in front of a display screen at Microsoft's new Oxford Circus store ahead of its opening in London

BRUSSELS (Reuters) - Microsoft's contracts with European Union institutions do not fully protect data in line with EU law, the European Data Protection Supervisor (EDPS) said in initial findings published on Monday.

The EDPS, the EU's data watchdog, opened an investigation in April to assess whether contracts between Microsoft and EU institutions such as the European Commission fully complied with the bloc's data protection rules.

"Though the investigation is still ongoing, preliminary results reveal serious concerns over compliance of the relevant contractual terms with data protection rules and the role of Microsoft as a processor for EU institutions using its products and services," the EDPS says in a statement.

The EU introduced new rules on data protection in 2018, known as GDPR, applicable to all companies operating in the bloc and designed to give individuals more control over their personal data and to create a more level playing field for businesses.

“We are committed to helping our customers comply with GDPR, Regulation 2018/1725 and other applicable laws," a Microsoft spokesman said.

"We are in discussions with our customers in the EU institutions and will soon announce contractual changes that will address concerns such as those raised by the EDPS.”

The EDPS has worked with the Dutch ministry of justice, which carried out risk assessments last June and found that public authorities in member states face similar issues

The two have since set up a forum designed to set up fair rules for public administrations.

The EDPS said there is "significant scope" for improvement of contracts with powerful software developers and that contractual terms and technical safeguards agreed between the Dutch ministry and Microsoft were a positive step forwards.

The EDPS said such solutions should be extended to all public and private bodies in the EU and also to individuals.

(Reporting by Marine Strauss @StraussMarine; editing by Philip Blenkinsop)

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Financials (USD)
Sales 2020 140 B
EBIT 2020 49 637 M
Net income 2020 41 382 M
Finance 2020 71 780 M
Yield 2020 1,36%
P/E ratio 2020 27,6x
P/E ratio 2021 24,6x
EV / Sales2020 7,54x
EV / Sales2021 6,70x
Capitalization 1 130 B
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 36
Average target price 160,65  $
Last Close Price 148,06  $
Spread / Highest target 14,8%
Spread / Average Target 8,50%
Spread / Lowest Target 1,31%
EPS Revisions
Managers
NameTitle
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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