Nokia is going to fully migrate to Google's IT infrastructure
The middle of the week came with news about a deal between
two important tech companies: the American Google and the Finnish
Nokia signed an agreement.
Nokia
announced that it is looking to fully migrate its IT infrastructure to Google #Cloud
through a five-year deal, adding that the migration could occur “over an 18 -
to 24-month period.” The deal is to “drive meaningful operational efficiencies
and cost savings over time due to a reduction in real estate footprint,
hardware energy consumption, and hardware capacity purchasing needs.”
This is not only beneficial to Nokia but also to Google,
allowing the #tech behemoth to continue building up the public cloud business
sales and the headcount. In 2019, the company's CEO, Sundar Pichai, said that
he is looking to triple the salesforce in the next few years.
Nokia is not the first company to use Google's public cloud
services, joining companies like PayPal, Snap, Twitter, Netflix, and many more.
The market doesn't seem to applaud Nokia's decision, making
shares trade 1.47% lower. Alphabet stock is at -0.40%.
Sources: thestreet.com, finance.yahoo.com
