(Reuters) – IT agency Micro Focus Worldwide (NYSE:) stated on Wednesday it had joined fingers with Amazon.com Inc (NASDAQ:)’s cloud computing division to assist prospects migrate their mainframe functions and workloads to the platform.
Shares of the British agency surged about 15% to 504.1 pence by 0855 GMT, changing into the most important gainer on the mid-cap index.
As a part of the collaboration, Micro Focus has issued warrants to Amazon.com to subscribe for as much as 15.9 million peculiar shares within the firm at 446.6 pence per share.
Micro Focus’ take care of Amazon Net Providers comes quickly after it re-instated its dividend, whereas making “strong progress” within the first 12 months of its three-year turnaround plan.
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