Microsoft planning to unveil major reorganization July 5: report – MarketWatch

Microsoft Inc.












MSFT, +1.07%










is planning to unveil a major reorganization on July 5, the Puget Sound Business Journal has reported. The Seattle-based publication said sources told it the changes would better align the company with its cloud-first strategy. Microsoft has been putting more focus on its Azure cloud business, which competes with Amazon.com Inc.’s












AMZN, -0.02%










Amazon Web Services cloud-computing division, the leader in the business. Microsoft shares were slightly higher in premarket trade Friday, and have gained 10% in 2017, while the Dow Jones Industrial Average












DJIA, +0.42%










and the S&P 500












SPX, +0.31%










have gained about 8%.












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