Microsoft Hikes U.K. Prices of Enterprise Products Amid Brexitby
Software, cloud for companies more expensive as pound slumps
Price increases as much as 22 percent, Microsoft says
Microsoft Corp. will increase the price of its enterprise software and cloud offerings in the U.K. by as much as 22 percent to adjust to the falling pound in the aftermath of Britain’s vote to leave the European Union.
From Jan. 1, prices of on-premises enterprise software will be hiked 13 percent, while those of cloud services will increase 22 percent, all to realign with euro-based contracts, the company said in a blog post. Consumer software or cloud products won’t be affected, Microsoft said.
The slump of the pound since the Brexit vote has translated into a series of price hikes for consumers in the U.K. In the technology space, British consumers found out last month they’d pay as much as 16 percent more for the latest iPhone models compared to previous versions, a bigger inflation than for buyers in the U.S. or Germany.
The pound has fallen more than 16% against the dollar since the Brexit vote on June 23 and has been struggling this month amid discussions on what the divorce will mean for Britain’s access to Europe’s single market.