With millions of people around the world working from home, the advantage of housing mission-critical software applications and services on the cloud has emerged. In addition to a strong and stable enterprise business, Microsoft (MSFT, Financial) has a differentiated hybrid cloud strategy that is leading to an increase in its share of technology capitalspending. Its Azure cloud business hosts Microsoft softwareas well as hundreds of cloud-native applications that Microsoftcustomers or third parties create. The company's Teams collaboration platform is also benefitting from increasedwork-from-home requirements.
From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund 2020 annual report.
