Microsoft to increase UK prices of enterprise products, citing falling pound
The price increase, from 1 January 2017, will be 13% for Microsoft’s enterprise software and 22% for its enterprise cloud services
Latest News »
- Indian money in Swiss banks at Rs4,600 crore, a record low
- India could raise import taxes on crude, refined vegetable oils: report
- Reliance Jio launches 25,000km-long submarine cable system
- Delhi assembly adopts resolution for 85% admission quota in DU colleges for city students
- Rajive Kumar takes over as UP chief secretary; 44 IAS officers transferred
Bengaluru: Microsoft Corp. said it will be increasing pricing for its enterprise software and cloud services in the UK in the wake of the sterling’s plunge since Britons voted to leave the EU.
The price increase, from 1 January 2017, will be 13% for its enterprise software and 22% for its enterprise cloud services, it said.
Pricing changes will not apply to consumer software or consumer cloud services, the company said in a blog post.
The vote to leave the EU took many investors and company executives by surprise, triggering the biggest one-day fall in sterling against the dollar.
The pound’s fall has affected profitability for many companies, as imported goods have become even more expensive.
Recently, Britain’s biggest grocery chain, Tesco, pulled dozens of Unilever brand products from its website after a disagreement over prices, in the wake of a the slump in the British currency.
Unilever had been trying to raise the prices it charges Britain’s big four supermarkets—Tesco, Sainsbury’s, Asda and Morrisons—across a wide range of goods by about 10%, saying it needs to offset the higher cost of imported commodities. Reuters