Prediction: Microsoft Azure To Reach $200 Billion In Revenue By 2028
September 09, 2024
Beth Kindig
Lead Tech Analyst
This article was originally published on Forbes on Sep 05, 2024, 11:03pm EDT
The period after the dot-com bubble including the financial crisis of 2008 were difficult years for Microsoft. The stock returned a mere 37% compared to Amazon’s 657.9% in the same time frame and Apple’s 5150%.
Microsoft’s stock greatly underperformed prior to Satya Nadella as CEO. Source: YCharts
Microsoft’s trajectory changed when Satya Nadella, formally of the Azure division, became CEO in 2014 after working his way up through the company over the course of 19 years to president of the cloud business. The stock is up 1,000% in the ten years since Nadella took the helm using his multi-decade cloud experience to steer a remarkable turnaround from a corporate reputation mired in fighting open-source communities and anti-trust issues. Since Nadella became CEO, the returns in Microsoft’s stock have exceeded Amazon and is tied with Apple, as of writing.
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