Microsoft Corp - MSFT STOCK NEWS

Procore Technologies has appointed Erin Chapple, a Microsoft Executive, to its Board of Directors. Chapple, currently the Corporate Vice President of Azure Core at Microsoft, brings over two decades of experience in technology. She aims to enhance Procore's platform, facilitating better collaboration in the construction industry. Procore manages over 1 million projects with a construction volume exceeding $1 trillion. The addition of Chapple is expected to strengthen Procore's strategic roadmap and innovation in construction management.

DXC Technology has secured a multiyear renewal agreement with Copa Airlines to modernize its legacy Passenger Service System (PSS) by migrating it to the public cloud. This transition, supported by Microsoft, aims to enhance Copa's digital transformation, providing a scalable and efficient IT platform without disrupting business operations. The project promises a nearly 99.5% automated migration rate and aims to significantly improve integration and reduce costs. Copa Airlines is recognized for its excellent service and punctuality across Latin America.

Microsoft Corp. has declared a quarterly dividend of $0.62 per share, set to be paid on March 10, 2022. Shareholders of record as of February 17, 2022 will be eligible, with the ex-dividend date on February 16, 2022. This announcement reinforces the company's commitment to returning value to shareholders as it continues to lead in digital transformation through its cloud and edge services.

Microsoft and Truist Financial announced an RFP for the Mission-Driven Bank Fund, aimed at supporting FDIC-insured Minority Depository Institutions and Community Development Financial Institutions. Open from Dec. 2, 2021, to Feb. 4, 2022, the fund will provide "patient capital" prioritizing social impact over returns. As anchor investors, Microsoft and Truist seek diverse fund managers, underscoring their commitment to inclusivity and community development. The fund's creation involves input from 70 CEOs in the MDI and CDFI sectors to expand access to affordable financial products in historically excluded communities.

CVS Health (NYSE: CVS) and Microsoft Corp. (NYSE: MSFT) announced a strategic alliance to enhance consumer health solutions and empower CVS's 300,000 employees. This collaboration aims to drive digital transformation by utilizing Microsoft Azure for personalized health recommendations and operational efficiencies. Key initiatives include improving omnichannel pharmacy capabilities, enhancing patient experiences, and adopting advanced data science tools to streamline care delivery. The partnership is set to support CVS's role in COVID-19 vaccinations and expand cloud-based applications across the company.

Microsoft Corp. has launched Teams Essentials, the first dedicated offering for small businesses, priced at $4 USD per user per month. Designed for hybrid work environments, it includes features like unlimited group meetings for up to 30 hours, 300 person capacity, and 10 GB of cloud storage. Easy invitations and integrations with Outlook and Google Calendar enhance scheduling. The service aims to support small businesses' growth by providing affordable collaboration tools.

At Microsoft's annual meeting on November 30, 2021, CEO Satya Nadella emphasized the company's growth mindset and its responsibility in driving digital transformation. CFO Amy Hood reported strong fiscal performance, highlighting growth in cloud services and consumer experiences. Shareholders elected 12 directors and approved a new Employee Stock Purchase Plan while rejecting several proposals related to diversity reports and facial recognition technology, reinforcing Microsoft's commitment to transparency and progressive practices. Results will be filed with the SEC.

Infogain has been recognized as a Star Performer and Major Contender in Everest Group’s Enterprise Quality Assurance (QA) Services PEAK Matrix® Assessment 2022. This recognition highlights Infogain's leadership in modern QA services, driven by its proprietary PAQman framework, which enhances software quality and integrates seamlessly with DevSecOps tools. Infogain's investment in touchless automation and intelligent testing solutions positions the firm to meet evolving client demands in a digital-first environment, according to Everest Group's assessment.

Kyndryl (NYSE: KD) and Microsoft (Nasdaq: MSFT) have formed a strategic partnership aimed at enhancing their enterprise services. This collaboration marks Kyndryl's first major deal since its independence and promises lucrative multi-billion dollar opportunities. The partnership will focus on delivering solutions leveraging Microsoft Cloud, enhancing hybrid cloud adoption, and managing mission-critical workloads. Additionally, a co-innovation lab will be established to advance skills and develop new capabilities. This alliance positions Kyndryl as a leader in the $500 billion managed services market.