The U.S. Department of Defense has awarded Dell Technologies a five-year, $9.7 billion contract to supply Microsoft 365 software and cloud services across all branches of the American military. The deal, expected to save the Pentagon roughly $422 million a year by consolidating fragmented technology budgets, sent Dell shares up about 4 percent and was announced ahead of the company's quarterly earnings report.
World · May 28 · L1-L4