RE: Quite surprised!4 Mar 2021 11:59
Infrastructure software firm Micro Focus (MCRO) has announced a commercial deal with Amazon Web Services (AWS), the world's leading cloud enabler.
The agreement will see the pair work together to help large organisations with to modernise their applications and allow to make the jump into the AWS Cloud ecosystem.
ROUTE TO THE CLOUD
This is big news for the UK company and investors were all over Micro Focus stock in morning trading, sending the share price surging 17% to 510.6p, pushing the value of the FTSE 250 business beyond £2 billion. But investors haven't seen anything yet, if the real value of the AWS deal can be successfully tapped.
AWS is clearly setting its sights on public sector organisations and big corporates juggling large and legacy IT stacks that have been built-up and bolted together over years into unwieldy monsters. Think banks and other financial institutions, or welfare benefits departments, for example.