HPE shares jump 6% on Microsoft Azure news

2 Dec 2015 | Author: | No comments yet »

HPE shares jump 6% on Microsoft Azure news.

SAN MATEO, Calif. Shares of Hewlett Packard Enterprise Co. are poised for a fourth session of gains Tuesday after the tech giant announced an expanded cloud-computing deal with Microsoft Corp. . The two companies said as part of their partnership, Microsoft Azure is now a preferred public cloud platform for HP Enterprise customers while HP Enterprise will serve as a preferred partner for Microsoft’s hybrid cloud services.

The other company, HP Inc., centers on PCs and printers. “Public cloud services, like those Azure provides, are an important aspect of a hybrid cloud strategy and Microsoft Azure blends perfectly with HPE solutions to deliver what our customers need most,” HPE CEO Meg Whitman said in a statement.

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