Microsoft Corp
(NASDAQ: MSFT)
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49.58
-0.03
-0.06%
Microsoft becomes second-most valuable company in the World
Submitted by Jessica Campbell on Sat, 11/15/2014 - 12:20
Microsoft becomes second-most valuable company in the World
Microsoft has secured the place by of the second most valuable company in the world after Apple. In order to gain the second rank, Microsoft has surpassed Exxon, whose shares have been falling lately.
On the other hand, Microsoft's shares have been increasing since October. In that month, expansion in cloud computing business helped Microsoft to report strong fiscal first-quarter results. Microsoft was finally able to achieve the second spot as Exxon's market capitalization declined from $403.9 billion to $400.8 billion.
On Friday, in afternoon trading, Microsoft's shares increased 20 cents to $49.81, making its market capitalization of $410.5 billion. As per experts, Microsoft has worked hard under new CEO Satya Nadella to overcome its reputation of being clumsy and struggling to match up with new trends and consumer habits.
Nadella has taken many steps, including reduction in expenses, job cuts and refocusing on mobile technology and cloud computing. Experts affirmed that his efforts have helped the company to witness a stock surge that led Microsoft's total market value above $410 billion.
Daniel Ives, a tech analyst at FBR Capital Markets, said that Microsoft has made a strategic change. Ives said that Nadella is still facing challenges with a company that is heavily dependent on personal computer market, which is on declining phase.
But when comparison is done with IBM, Hewlett-Packard and Oracle, Microsoft has performed the best job. Over the last 18 months, Microsoft has achieved a greater value on Wall Street. Since 2013, its stock has increased nearly 70%.
Nadella has been continuously taking initiatives to grow further like expanding in cloud computing. The company has also pledged to redesign its flagship Windows operating system. It has also released versions of popular software for smartphone and tablets.
Microsoft has also outperformed the tech-heavy NASDAQ Composite Index that gained about 45% in the same 18-month period.
(NASDAQ: MSFT)
▼
49.58
-0.03
-0.06%
Microsoft becomes second-most valuable company in the World
Submitted by Jessica Campbell on Sat, 11/15/2014 - 12:20
Microsoft becomes second-most valuable company in the World
Microsoft has secured the place by of the second most valuable company in the world after Apple. In order to gain the second rank, Microsoft has surpassed Exxon, whose shares have been falling lately.
On the other hand, Microsoft's shares have been increasing since October. In that month, expansion in cloud computing business helped Microsoft to report strong fiscal first-quarter results. Microsoft was finally able to achieve the second spot as Exxon's market capitalization declined from $403.9 billion to $400.8 billion.
On Friday, in afternoon trading, Microsoft's shares increased 20 cents to $49.81, making its market capitalization of $410.5 billion. As per experts, Microsoft has worked hard under new CEO Satya Nadella to overcome its reputation of being clumsy and struggling to match up with new trends and consumer habits.
Nadella has taken many steps, including reduction in expenses, job cuts and refocusing on mobile technology and cloud computing. Experts affirmed that his efforts have helped the company to witness a stock surge that led Microsoft's total market value above $410 billion.
Daniel Ives, a tech analyst at FBR Capital Markets, said that Microsoft has made a strategic change. Ives said that Nadella is still facing challenges with a company that is heavily dependent on personal computer market, which is on declining phase.
But when comparison is done with IBM, Hewlett-Packard and Oracle, Microsoft has performed the best job. Over the last 18 months, Microsoft has achieved a greater value on Wall Street. Since 2013, its stock has increased nearly 70%.
Nadella has been continuously taking initiatives to grow further like expanding in cloud computing. The company has also pledged to redesign its flagship Windows operating system. It has also released versions of popular software for smartphone and tablets.
Microsoft has also outperformed the tech-heavy NASDAQ Composite Index that gained about 45% in the same 18-month period.
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
