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Just like other business software giants (I, II, III), Microsoft (MSFT) wants to be seen as...

Just like other business software giants (I, II, III), Microsoft (MSFT) wants to be seen as embracing cloud software, in spite of its ongoing reliance on traditional software. Nonetheless, Microsoft's two biggest cloud offerings - Office 365 and Azure - actually straddle the line between the two worlds. For example, Microsoft is thinking of offering appliances that would allow Azure services to be locally hosted.
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