Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Share Post: Reddit Facebook
Microsoft Value Tops $500 Billion, Shares Reach All-Time High (Softpedia)
#1
http://news.softpedia.com/news/microsoft...2364.shtml  Microsoft Value Tops $500 Billion, Shares Reach All-Time High
Everyone should thank Nadella for how Microsoft is growing
Jan 30, 2017 08:33 GMT  ·  By Bogdan Popa     
Microsoft’s market value has reached $500 billion on Friday after the company announced its financial results for the second quarter of fiscal year 2017, with shares also setting a new all-time high following the strong performance during the quarter.

Specifically, Microsoft’s market capitalization jumped to $510.37 billion, and this is the first time since 2000 when the value of the firm goes past the $500 billion threshold.

Previously, the Redmond-based software giant topped $550 billion 17 years ago, mostly thanks to the booming software market that had Microsoft at the core of everything on the modern computer.

In addition to the market value boom, the company’s shares also reached an all-time high, rising no less than 2.1 percent on Friday to $65.54 percent.

As Reuters reports, Microsoft has managed to beat Wall Street analysts’ expectations in seven of the last eight quarters, and every time, it was with Satya Nadella at the helm of the company.

Satya Nadella, the man to praise
Microsoft’s CEO Satya Nadella has been praised for changing the company’s focus from software to a wider array of products, including cloud and devices, which are already generating substantial revenue every quarter. Nadella’s mobile-first, cloud-first approach was first started by his predecessor Steve Ballmer, who wanted Microsoft to become a devices and services company, after previously conquering the software world.

And with Nadella at the helm, Microsoft has indeed expanded in new market categories. Revenue in Intelligent Cloud was $6.9 billion and increased 8 percent last quarter, while Azure revenue jumped no less than 93 percent from the previous quarter.

“Our customers are seeing greater value and opportunity as we partner with them through their digital transformation,” Satya Nadella, chief executive officer at Microsoft, said last week. “Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.”

Despite growing at a fast pace, Microsoft is still behind rivals Apple and Alphabet in market capitalization, as the two companies currently have a market value of $642 billion and $570 billion, respectively.
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  It’s time to do the right thing, Microsoft (vivaldi teamblog) mrtrout 0 2,009 01-24-2017 , 08:57 PM
Last Post: mrtrout

Forum Jump:


Users browsing this thread: 1 Guest(s)