Microsoft Corp said Thursday it will raise prices by as much as 20% for a software package called Microsoft 365., which includes popular applications like Teams and Outlook.
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The hikes will come in effective six months from now, Microsoft said in a blog post announcing the change.
The Microsoft 365 suite is the cornerstone of the process segment of business and productivity for the company, which had sales of $ 53.9 billion in its most recent fiscal year, about a third of Microsoft’s total $ 168 billion sales.
The hikes will affect commercial customers and are the first since Microsoft launched the service a decade ago. Jared Spataro, Corporate Vice President of Microsoft 365, He said the company added two dozen apps to the suite since its launch.
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“This updated price reflects the higher value we have delivered to our clients for the past 10 years, “Spataro said in the post.
At the low end, basic business plans will increase by 20%, from $ 5 to $ 6 per user, while the higher-level versions of the suite will have a minor rise of 12.5%, from $ 32 to $ 36 per user.
Microsoft said it will not change the prices of the versions for the cconsumer or for software education.
The actions of Microsoft hit a record Thursday, up 1.8%, to $ 295.96.
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