If You'd Invested $10,000 in Microsoft the Day Satya Nadella Became CEO, Here's What You'd Have Now.
The software giant's cloud pivot turned a sleepy blue chip into one of the market's great compounders.
Overview
Microsoft (NASDAQ: MSFT) had itself a day on Thursday. Shares of the software giant jumped 15.5% to $451.10 following its fiscal fourth-quarter report. It was the stock's biggest one-day percentage gain since 2008, and it added about $450 billion of market value in a single session.
The report earned the reaction. The quarter (ended June 30) delivered $90.0 billion of revenue, up 18% year over year. And the star was the cloud. "Azure and other cloud services" revenue climbed 43%, an acceleration from the fiscal third quarter's 40%.
Details
But one historic Thursday is a strange way to measure this company. To me, the better measurement starts on Feb. 4, 2014, the day Satya Nadella took over as CEO.
Source
Originally published at www.fool.com.