Microsoft to Raise Cloud Computing Prices

Fortune reported that after years of tough competition, Microsoft (NASDAQ:MSFT) is looking to raise its prices and IBM (NYSE:IBM) could be set to do the same.
As quoted in the publication:

It turns out nothing falls forever. Microsoft MSFT is raising prices on its Azure cloud. Last week blogger Aiden Finn, a Dublin-based Microsoft-focused consultant, posted excerpts from a company email alerting customers that Azure prices in the Eurozone will rise 13% as of August 1. The message cited currency concerns, which is understandable given the current situation in Greece. (Although Finn went on to write he thinks Microsoft’s move may be more about boosting revenue than any currency issue.)
Australian customers will also see their price for Azure services rise 26%, Arnet.com reported late last week. On Monday, a follow-up in The Register quoted a Microsoft spokesman saying the price hikes will occur worldwide, a contention that Microsoft subsequently denied, stating the price changes are happening.in the European Union and the European Free Trade Association, excluding the U.K.

Click here to read the full article from Fortune.