On Tuesday, Shares of Microsoft Corporation (NASDAQ:MSFT), added 0.77% and closed at $57.66 in the last trading session. MSFT stock opened its last trade at $57.53 and after floating in a range of $57.41 to $57.94. The company’s Market capitalization is $447.75 Billion with the total Outstanding Shares of 7.79 million. During the 52-week trading session the minimum price at which share price traded, registered at $47.02 and reached to max level of $58.70.The Earnings per Share of the company stands at $2.10. Microsoft Corp. on Tuesday declared an expanded partnership with SAP to provide public cloud services for the SAP® SuccessFactors® HCM Suite. SAP will make its cloud-based human capital administration solutions available on Microsoft Azure over the next five years. This is SAP’s first move to supplement its own infrastructure and operate SAP SuccessFactors solutions in a third-party public cloud, recognizing the experience both companies have in supporting global enterprise clients. With the addition of Azure, SAP has a trusted, global cloud and a powerful data platform to assist it drive companies’ human resources transformation, and the potential to dramatically improve business outcomes.
“Microsoft and SAP share a commitment to empowering digital transformation across every aspect of business,” said Judson Althoff, executive vice president, Worldwide Commercial Business at Microsoft. “The combination of SAP’s market-leading, innovative human capital administration solutions with Microsoft’s intelligent cloud will equip companies around the world to assist maximize the potential and skills of their most valuable asset, their people.”
SAP will have noteworthyadditional capacity to run operational workloads of SAP SuccessFactors solutions on Azure, starting with demo environments, to support its continuing client user growth. Azure provides enterprise-grade security, an open developer platform and advanced data services that organizations of all kinds can use to innovate and grow. With nearly 90 percent of the Fortune 500 as customers, the Microsoft Cloud is offered in more worldwide datacenter regions than any other major cloud provider.
Shares of Calpine Corporation (NYSE:CPN), added 1.58% and closed at $12.83 in the last trading session. CPN stock opened its last trade at $12.79 and after floating in a range of $12.65 to $12.95. The company’s Market capitalization is $4.51 Billion with the total Outstanding Shares of 5359.14 million. During the 52-week trading session the minimum price at which share price traded, registered at $11.53 and reached to max level of $16.59.The Earnings per Share of the company stands at $-0.01. Calpine Corporation (CPN) declared recently that it has reached a contract to purchase Noble Americas Energy Solutions, LLC (NAES), the nation’s leading independent supplier of power to commercial and industrial retail customers, for a purchase price of $800 million plus an estimated $100 million of net working capital at closing. Calpine anticipates to recover about $200 million through collateral synergies and the runoff of attained legacy hedges, substantially within the first year, resulting in expected net cash deployed of about $700 million (counting working capital), or about five times NAES’ recent and expected run-rate Adjusted EBITDA.
“We are excited to be acquiring the best commercial and industrial direct energy sales platform in the U.S. The acquisition of this well-regarded organization known for providing sophisticated customers with highly customized products is a natural fit with Calpine’s customer-centric culture and will allow us to build upon the success we have practiced since our entry into retail last year through the Champion Energy platform,” said Thad Hill, Calpine’s President and Chief Executive Officer. “In addition to expanding our retail customer sales channels and product offerings, we will more than double the volume of retail load we are capable of serving across the country from our complementary wholesale power generation fleet.