How Satya Nadella led Microsft on $1-trillion journey, join Amazon, Apple in an exclusive club
India-born Satya Nadella-led Microsoft has achieved a major feat. It has become the third US company to pass a market cap of $1 trillion. Apple and Amazon are the two other US companies which are ahead of Microsoft in terms of market capitalisation. Since Nadella took over as CEO in 2014, the company has seen healthy growth. Microsoft's earnings handily beat analysts' expectations with revenue of $30.6 billion, up 14 per cent from the year-ago quarter, and earnings per share of $1.14.
Mircosft's growth under Satya Nadella
Satya Nadella took over the mantle of the company as CEO in 2014 and since then the company has seen phenomenal growth.
Satya Nadella-led Mircosft's Q3, 2019 results
Microsoft's earnings handily beat analysts' expectations with revenue of $30.6 billion, up 14 percent from the year-ago quarter, and earnings per share of $1.14.
Microsft performance under Satya Nadella
Since Satya Nadella took the mantle of the company from Steve Ballmer. It has seen a phenomenal growth. He has successfully turned Microsoft into a dynamic company. Nadella was saddled with Ballmer’s decision to buy Nokia for $7.2 billion. However, he sailed through the troubled time successfully.
Stock prices tripled under Satya Nadella
Under his leadership, stock prices of the company rose from around $42 to $129.89 (the latest price). During the first year of his leadership, the stock price of the company went up by 14 per cent, in 2015, it rose by 21 per cent. In 2019 too the stock has gone up substantially.
Challenges faced by Satya Nadella
After the acquisition of Nokia, Microsoft did not see much success in the smartphone market. However, he bet on LinkedIn and GitHub. LinkedIn is a revenue generator for the company while GitHub helped it with the developer community.