Microsoft is undoubtedly a big name, but sadly under Mr. Ballmer, Microsoft Corporation has not seen better days. With the transfer of the helms to Mr. Nadella, the expectations rose and it seems that Satya Nadella is delivering. The numbers suggest that Microsoft Corporation has seen a rise of around 11% in the last three months compared to the same period last year. The stats collected till the 30th of September show that Microsoft Corporation has prospered to a certain extent except for the recently acquired smartphone brand Nokia.
According to the statement issues by Microsoft Corporation, the company gathered up a revenue of $23.20 billion till 30th September. The Operating income, Gross Margin and the diluted earnings per share were $5.84 billion, $14.93 billion and $0.54 per share. On the other hand, when Microsoft Corporation is entering better days comparatively, its competitors like IBM, HP, etc. are facing a downhill slope. In addition, this is the first time since June 2013, when Microsoft’s market value has crossed that of Google Inc.
Microsoft Corporation’s main business highlights this quarter:
- The sales of Surface Pro 3 resulted in a revenue of approximately $900 million.
- With more that 7 million subscriptions from Office 365 played a major role in the rise in revenue for Microsoft.
- 2.4 million Xbox gaming consoles were sold, growing at a rate of 102% in more that 28 new markets as well.
The performance that Microsoft Corporation has put up under the new method of work is probably the best that the company has seen since the era of Bill Gates.
Since the arrival of Satya Nadella at the helm of events, Microsoft has performed better. According to the experts, the main reasons for having such a good quarter for Microsoft is the right decisions taken by Nadella. The investments in the region of Cloud Computing and Xbox gaming consoles have paid of extensively.
The attention that Nadella has given to innovation and sticking to plans has also allowed many projects to scrape through. It seemed at one point under Ballmer that Microsoft was moving away from its mainstream of services. Satya Nadella has ensured that Microsoft Corporation returns to its main base of operation leading to a much better revenue collection in the last three months.
Talking about the so called failure with the acquisition of Nokia, Microsoft is already looking into the issue. The rumors of renaming Nokia Lumia to Microsoft Lumia seems to be the first step. With better results in the last quarter, Microsoft Corporation will look forward to carry it through.
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