The International Federation of Red Cross and Red Crescent
Societies (IFRC) has chosen the Office 365 suite from the world's
largest software maker
). The two entities signed a global Enterprise Agreement based on
a new Memorandum of Understanding (MoU).
The reason for deploying the Office software is to equip
IFRC's National Societies with advanced technologies such as
cloud computing, which is expected to improve the efficiency of
their operations and improve resource allocation. It will also
facilitate communication and collaboration among its 1 million
strong workforce i.e. volunteers and staff members and at the
same time reduce IT expenses of the IFRC across the globe.
The American and Danish Red Cross Societies as well as the
National Societies in Bangladesh and Namibia have already
deployed Office 365 successfully. Other societies are expected to
follow suit. Microsoft's software is enabling these societies to
run their daily operations more efficiently.
Microsoft's Office 365 is a cloud-based, subscription-based
software service. It was officially launched in 2011. The new
Office comes with the traditional word processing, spreadsheets
and email programs.
Microsoft's Office 365 is gaining traction in the market as it
recently launched its online version focusing on touch devices.
Further, it is being deployed at the stores of retailers such as
J. C. Penney Company Inc.
) and U.K.-based Tesco as well as government departments such as
the Texas Department of Information Resources, which chose the
software for inter-departmental activities.
Currently, just like other PC makers, Microsoft is also
battling the slump in the PC market caused by the sluggish
economy. In addition, the popularity of smartphones and tablets
) has been cannibalizing PC market sales, further deteriorating
the scenario. Whether it can come out of the slump on the back of
its new software and OS is a wait-and-see situation.
Microsoft reported revenues, excluding deferrals, of $21.46
billion in the second quarter of fiscal 2013, which was up 34.0%
sequentially and 2.7% from last year, in line with our estimates.
All except the Entertainment & Devices segment grew both
sequentially and from the year-ago quarter.
Microsoft has a Zacks Rank #3 (Hold).
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