Microsoft, AWS prepare for new Pentagon $10 bn Cloud contract

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Washington, Nov 20 | After witnessing a bitter war over the $10 billion JEDI (Joint Enterprise Defense Infrastructure) Cloud computing contract, the Pentagon has announced a new cloud initiative that replaces the ill-fated JEDI contract.

Pentagon had to cancel the $10 billion JEDI contract that was given to Microsoft in 2019, leaving the favourite Amazon out of the race during the Donald Trump administration.

Now, all Cloud giants like Amazon, Microsoft, Google and Oracle have been invited to bid for the ‘Joint Warfighting Cloud Capability’ (JWCC) Cloud contract.

“The government anticipates awarding two contracts — one to Amazon Web Services AWS) and one to Microsoft Corporation (Microsoft) — but intends to award to all Cloud Service Providers (CSPs) that demonstrate the capability to meet DoD’s requirements,” the Pentagon said in a statement.

The JEDI contract was meant to modernise the Pentagon’s IT operations for services rendered over 10 years. After Microsoft was awarded the decade-long contract in October 2019, AWS had filed a bid protest directly to DoD, challenging the decision.

Microsoft had said that it won the JEDI contract because the US Department of Defense found that it offered “significantly superior” technology at a better price.

Amazon believed that the re-evaluation process was highly flawed, and subject to undue pressure from the former US President Trump.

Not only JEDI, Microsoft and Amazon had also locked horns over another $10 billion contract by the US National Security Agency (NSA) won by AWS.

Source: IANS

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Share Market Closing Bell: Market ends marginally lower amid volatility

Share Market Closing Bell: Market ends marginally lower amid volatility

Dalal Street witnessed tug of war between bulls and bears as Sensex settled at 54208.53 losing 109 points or 0.20 percent and Nifty ended at 16240.30 with loss of 19 points. Bank nifty closed the session at 34163.70 levels with loss of 138 point after erasing early session gain.

BSE Midcap and BSE Small cap indices turned flat after rising around half a percent each. On the sectorial front, Nifty Pharma and FMCG have contributed a percent each on a closing basis. On the flip side Nifty Realty, Nifty PSE ended with losses of 1.75 percent and 1.73 respectively. In Nifty stocks, TATACONSUM, CIPLA and ADANI PORT were the top gainers while POWERGRID, BPCL and TECHM were the prime laggards.

In the daily chart Nifty has ended with a bearish candle. However 16200 levels are protected throughout the day. Index might face high volatility on weekly expiry day. Riding against the trend may not be beneficial for short term traders. According to volume profile 16100 and 16000 may act as immediate support.

Indicators such as MACD and RSI are still struggling to overcome from oversold zone in the daily time frame. From the time cycle prospect Index would remain highly volatile till 27th May of this month. Bollinger band indicates 16650 would remain strong resistance in coming days. On the other hand, Bank nifty has support at 33400 levels while resistance at 35000 levels.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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