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Microsoft's hybrid-cloud strategy will gobble up more corporate IT budgets ' while companies like Oracle, Cisco, and Dell stand to lose the most (MSFT, DELL, ORCL, CSCO, HPE)

Published by Business Insider on Thu, 16 Jan 2020

Microsoft is expected to have the largest IT budget gain over the next three years, according to the results of a Morgan Stanley survey of technology executives.VMware, Cisco, Hewlett Packard Enterprise, Oracle, and Dell stand to lose the most.Morgan Stanley predicts overall IT budget growth to slow in 2020.Microsoft's gains are expected to be driven by the company's hybrid-cloud investments, which CEO Satya Nadella talked about this week.Click here to read more BI Prime stories.Morgan Stanley expects Microsoft to gain the largest percentage of IT budgets over the next three years, while VMware, Cisco, Hewlett Packard Enterprise, Oracle, and Dell stand to lose the most.The expectations, released on Wednesday, are the conclusions from Morgan Stanley's fourth-quarter survey of chief information officers from 100 US and European companies, which also said overall IT budget growth was expected to slow in 2020.Chief-information-officer surveys are a common measure financial firms use to predict where companies plan to spend their money when it comes to enterprise technologies such as cloud computing.VMware, Cisco, Hewlett Packard Enterprise, Oracle, and Dell are expected to lose the largest incremental percentage of IT budgets over the next three years "as a result of the shift from on-premise workloads to the cloud," according to the survey.Microsoft's expected gains over the next three years are "driven by an increasing proportion of customers citing Microsoft as their preferred hybrid cloud vendor," the survey said.Morgan Stanley's survey results come after a similar survey from Goldman Sachs, in which more chief information officers from large companies said they used Microsoft's Azure cloud, and expected to in the future, compared with those who said they used Amazon Web Services and Google Cloud.Microsoft's hybrid-cloud strategyThe results are a good sign for Microsoft's hybrid-cloud strategy.Microsoft's approach to computing, CEO Satya Nadella told reporters at a media event earlier this week, emphasizes a balance between public and private resources.Analysts have said the hybrid cloud is Microsoft's biggest opportunity to overtake industry-leading Amazon Web Services, which only relatively recently began investing in the space.Nadella also said he believed Microsoft's hybrid-cloud investments were the reason the company won the Pentagon's $10 billion Joint Enterprise Defense Infrastructure cloud-computing contract over AWS. AWS, meanwhile, is challenging the decision and alleging political bias interfered in the process.Got a tip'Contact this reporter via email atastewart@businessinsider.com, message her on Twitter@ashannstew, or send her a secure message through Signal at 425-344-8242.SEE ALSO:Microsoft says it's 5 times cheaper than chief rival Amazon Web Services in some cases, but AWS says that's 'misleading'Join the conversation about this storyNOW WATCH: Taylor Swift is the world's highest-paid celebrity. Here's how she makes and spends her $360 million.
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