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

Microsoft Inc.












MSFT, -1.88%










is planning to unveil a major reorganization on July 5, the subscription-based Puget Sound Business Journal has reported. The Seattle-based publication said sources told it the changes will 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, -1.45%










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, -0.78%










and the S&P 500












SPX, -0.86%










have gained about 8%.












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