Microsoft Corp said it will raise prices as much as 20% for a bundle of software called Microsoft 365 that includes popular apps like Teams and Outlook.
Announcing the change Microsoft said in a blog post, the increases will take effect within six months. The increases will affect commercial customers and are the first since Microsoft rolled out the service a decade ago. Jared Spataro, Corporate Vice President for Microsoft 365, said the company has added two dozen apps to the suite since it launched.
"This updated pricing reflects the increased value we have delivered to our customers over the past 10 years," Spataro said in the post.
The Microsoft 365 suite is the cornerstone of the company's productivity and business process segment, which had sales of $53.9 billion in its most recent fiscal year, about a third of Microsoft's overall $168 billion in sales.
At the low end, basic business plans will rise 20% from $5 per user to $6, while the highest-end versions of the suite will have a smaller rise of 12.5% from $32 to $36 per user.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
