KO - Microsoft Taps Coca-Cola to Challenge Amazon Salesforce and Slack
Microsoft (NASDAQ: MSFT) recently inked a five-year cloud deal with Coca-Cola (NYSE: KO), in which the beverage maker will standardize its business operations with Microsoft's Azure, Dynamics 365, and Microsoft 365 services.
The partnership marks another victory for Microsoft's commercial cloud business, which secured big clients like Costco, Walmart, and AT&T in recent years. It will also widen Microsoft's moat against Amazon (NASDAQ: AMZN), Salesforce (NYSE: CRM), and Slack (NYSE: WORK) in their respective cloud markets.
Image source: Coca-Cola.