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MICROSOFT CORPORATION

(MSFT)
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Microsoft : Shopify enlists Microsoft, Oracle for business tools on app

10/14/2021 | 12:01am EST
FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa

Oct 14 (Reuters) - Canadian e-commerce platform Shopify Inc is teaming up with top cloud companies including Microsoft Corp and Oracle Corp to help merchants streamline their business operations.

Business owners on the platform can now access Enterprise Resource Planning (ERP) tools including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app.

Earlier, they had to rely on third-party applications to connect to Shopify their ERP tools ranging from financial trackers to inventory management systems.

Shopify provides infrastructure for retailers to set up their stores online, and generates revenue mainly through subscriptions and merchant services.

The partnerships will help Shopify double down on its fast-growing merchant businesses and let Microsoft and Oracle strengthen their hold on a cloud market dominated by Amazon.com Inc's AWS platform.

(Reporting by Eva Mathews and Nivedita Balu in Bengaluru; Editing by Devika Syamnath)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -4.28% 2902.905 Delayed Quote.-9.03%
MICROSOFT CORPORATION -0.71% 299.735 Delayed Quote.-10.32%
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Analyst Recommendations on MICROSOFT CORPORATION
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Financials (USD)
Sales 2022 197 B - -
Net income 2022 71 463 M - -
Net cash 2022 89 063 M - -
P/E ratio 2022 31,7x
Yield 2022 0,78%
Capitalization 2 264 B 2 264 B -
EV / Sales 2022 11,1x
EV / Sales 2023 9,59x
Nbr of Employees 181 000
Free-Float 99,9%
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Technical analysis trends MICROSOFT CORPORATION
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Mean consensus BUY
Number of Analysts 45
Last Close Price 301,60 $
Average target price 373,06 $
Spread / Average Target 23,7%
EPS Revisions
Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Matthias Troyer Partner Research Manager
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