Microsoft Corp.’s new business applications division head, Stephen Elop, said that the company expects a “substantial portion” of revenues of this core division to come from online applications over the next few years. Elop said that he wants to “aggressively facilitate” the re-engineering of Microsoft’s Office division for a world where business applications increasingly are stored off-premise, a development known as “cloud computing.” The move would prove to be a critical shift for the company whose most of the software is stored on customers’ desktop computers.
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