Microsoft’s market value has surpassed $2 trillion. The software company initially reached that level shortly after 3 p.m. ET on Tuesday, June 22, but then fell back below it before closing Thursday’s trading session at $266.69 per share. The achievement comes on the heels of the company’s Thursday morning presentation of Windows 11, its first new version of the flagship operating system in more than five years.
Microsoft’s market value has more than quadrupled in two years, boosted by demand for products such as the Teams chat programme, which kept businesses running during the coronavirus epidemic.
The firm’s stock price rise indicates a revitalised corporation that has expanded beyond its dominating Windows operating system to find growth in cloud computing and acquisitions.
Since Satya Nadella took over as CEO of Microsoft in 2014, the company’s stock has increased by more than 600%. (During Ballmer’s 14-year stint as CEO, the company’s stock dropped 32%.) One of Nadella’s first actions was to declare that Office programmes including Microsoft Word and Excel will be available on Apple’s iOS and Google’s Android platforms, rather than just Windows devices. When Windows 10 was released a year later, it was a free upgrade, unlike Windows 7 and Windows 8.
Before becoming CEO, Nadella ran the business that contains Microsoft’s Azure public cloud, and it shows. During his tenure as CEO, he has made public presentations to discuss Azure applications at notable clients like as the National Basketball Association, Volkswagen, and Walgreens. Azure is on course to become Microsoft’s most profitable division.
Under Nadella’s leadership, Microsoft has grown calmer and more willing to collaborating with competitors when it makes sense. It strengthened connections with competitors including as Red Hat and Salesforce, and it integrated the open-source Linux operating system, which was formerly viewed as a threat to Windows, directly into Windows. On Thursday, Microsoft revealed that Windows 11 will accept apps that run Google’s Android operating system, and Nadella spent the last few minutes of his presentation presenting Microsoft as a nicer choice for software developers than Apple.
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Hello, my name is Anuj Boruah. I am quite interested in writing about current events in business, finance, and the economy. I work as a newswriter at Reviewminute.