[youtube=http://youtu.be/sYBy0p485Sc]

Microsoft is slated to unveil its next iteration of Office today, and The Wall Street Journal’s Shira Ovide is prepping the announcement with some comparison data about the productivity suite and its direct cloud-based rival Google Apps.

According to the WSJ’s video above, Dominion Enterprises held a $2 million annual contract with Microsoft, but it recently decided to switch to Google Apps. The company now pays $200,000 for Google’s services.

Despite the loss, the Office sodtware remains a hugely successful product for Microsoft. It is one of the company’s most profitable goods, and it continues to maintain a stronghold in the desktop productivity market. Google Apps, on the other hand, is still in its infancy, but it is rapidly gaining steam and attention.

Today’s announcement from Microsoft CEO Steve Ballmer will surely set the pace for the company’s future against the ever-growing Google Apps.

Check out Ballmer’s Webcast at 3 p.m. EST on Microsoft’s website.

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