Micro Focus International Stock Pops on Amazon Partnership

Jon Quast, The Motley Fool
·2 min read
Micro Focus International Stock Pops on Amazon Partnership

Shares of Micro Focus International (NYSE: MFGP) popped on Thursday after Amazon (NASDAQ: AMZN) gave the company its full vote of confidence for helping businesses migrate to the cloud. As of 3 p.m. EST, Micro Focus stock was up 17%, but had traded as much as 25% higher earlier in the session. In an Amazon Web Services (AWS) blog post, Amazon notes that 70% of Fortune 500 companies still run their businesses on their own mainframes.