Microsoft Planning To Unveil Major Reorganization July 5: Report

Microsoft Inc. is planning to unveil a major reorganization on July 5, the Puget Sound Business Journal has reported. The Seattle-based publication said sources told it the changes would better align the company with its cloud-first strategy. Microsoft has been putting more focus on its Azure cloud business, which competes with Amazon.com Inc.'s Amazon Web Services cloud-computing division, the leader in the business. Microsoft shares were slightly higher in premarket trade Friday, and have gained 10% in 2017, while the Dow Jones Industrial Average and the S&P 500 have gained about 8%.