Microsoft Gains as Office 365 Gets Its First Big Price Hike in 10 Years

By Dhirendra Tripathi

Investing.com – Microsoft inventory (NASDAQ:) rose 2% Thursday as the corporate mentioned it is going to hike costs of Workplace 365, its “first substantive pricing replace” in a decade of the suite of purposes.

The value hike, of as a lot as 20%, will probably be efficient March 1 and canopy solely business merchandise. Costs of schooling and shopper merchandise will stay unchanged.

Fundamental enterprise plans will probably be costlier by 20% and can come for $6 per person, whereas the highest-end variations of the suite may have a smaller enhance of 12.5% to $36 per person.

Workplace 365 now has over 300 million business paid seats, mentioned Jared Spataro, company vice chairman for Microsoft 365, who introduced the worth hike in a weblog submit.

The swimsuit of purposes beneath Microsoft Workplace 365 contains Home windows, Workplace (MS Phrase, Excel, PowerPoint), MS Groups, Outlook and Enterprise Mobility and Safety options.

The Microsoft 365 suite had gross sales of $53.9 billion in monetary 12 months 2021, nearly a 3rd of Microsoft’s total $168.1 billion in gross sales.