Microsoft’s (MSFT) stock is 18% up this year on Wall Street and hit a new 52-week high on Tuesday. It’s now 10% below the all-time high it hit way back in December 1999 during the Bill Gates era. The company is ahead of the broader market and doing better than its rivals, Apple (AAPL), Oracle (ORCL), IBM, and SAP. Its cloud sales boomed up in the latest quarter.
Since Satya Nadella took over from Steve Ballmer in February 2014 as CEO, shares go nearly 60% up, almost more than double the gain of the Nasdaq during the same time frame. Could Satya Nadella be compared to Bill Gates? All Indians say it proudly as he is delivering on that count.
Satya Nadella emphasized cloud products like Office 365, cloud-centric Windows 10 operating system, and Azure. That brings Microsoft to compete in the web hosting services with Google and Amazon’s lucrative AWS division. Microsoft is emerging as a cloud provider from its old model of selling software. Even though its overall revenue has gone down, its profits rose. Microsoft is emerging as the most user-friendly and transparent, allowing free Windows 10 downloads and listening to developers and customers. Windows 10 has pushed consumers and businesses to upgrade from older PC machines and benefitted Intel (INTC).
The company shareholders are pretty enthusiastic about the company’s prospects. It’s an old story now when in 2013, Microsoft bought the smartphone business of Nokia (NOK). In 2014, the company cut 7,800 jobs on top of the 18,000 announced.
Microsoft Corporation is an American multinational technology corporation that produces computer software, consumer electronics, personal computers, and related services. It is also emerging as a leading provider of Microsoft 365, Xbox, Windows, and Azure.