Microsoft Has Doubled Its Cloud Capacity In Europe In The Past Year

Microsoft Corp. said Monday it has more than doubled its cloud capacity in Europe in the past year, and has so far invested $3 billion across the region. The software giant said it plans to offer Microsoft Azure, Office 365 and Dynamics 365 from multiple datacenter locations in France, with initial availability expected in 2017. The company said that will add to datacenters already in the region, such as in the U.K., the Netherlands, Ireland, Austria and Finland. Microsoft's stock tacked on 0.2% in premarket trade. It has climbed 3.8% year to date through Friday, while the Dow Jones Industrial Average has gained 5.1%.