Reportedly, Microsoft Corp (MSFT) to raise prices by as much as 20% for a bundle of software called Microsoft 365 that includes popular apps like Teams and Outlook. The Microsoft 365 suite is the tech giant’s foundation of productivity and business process segment, which reported sales of $53.9 billion in its most recent fiscal year, contributing about a third of Microsoft’s overall $168 billion in sales.
Basic business plans will increase 20% from $5 per user to $6, while the highest-end versions of the suite will have a slightly lower rise of 12.5% from $32 to $36 per user. The company informed that it is not changing prices for the consumer or education versions of the software. The increase in prices will take effect within six months
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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