Microsoft Corporation (NASDAQ:MSFT) is one of the best falling stocks to invest in, according to analysts. On June 17, Microsoft Corporation (NASDAQ:MSFT) stock edged lower amid reports it had abandoned plans to lease an Oracle Data center.
Photo by Microsoft 365 on Unsplash
The tech giant has reportedly withdrawn from a deal that might have been worth more than $3 billion due to security concerns about requirements for government-related workloads. The reports also show that Oracle was unwilling to implement additional security frameworks for managing US government data.
Microsoft had planned to shift some of its workload to Oracle’s cloud infrastructure. It is believed to have withdrawn on Oracle’s public cloud, lacking the Federal Risk and Authorization Management Program. Oracle executives reportedly said achieving FedRAMP certification for the public cloud would require significant engineering work.
The lack of a FedRAMP-compliant cloud has reportedly forced Microsoft to seek deals with other cloud providers to prioritize its own cloud computing resources for customers.
Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company that develops, manufactures, and licenses a wide range of computer software, hardware, and digital services. Its primary operations span personal computing, enterprise cloud computing, video gaming, and artificial intelligence.
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