LIFETIME OF ACHIEVEMENT
Microsoft
CEO Satya Nadella : How I Work | WSJ
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95 % of Fortune 500 companies rely on Microsoft Azure for cloud services in order to meet digital transformation targets
US $ 13bn investment from Microsoft has gone to OpenAI , as part of their annual partnership
Microsoft also charges Azure on a payas-you-go basis , meaning that subscribers receive a bill each month that only charges them for the specific resources they used . According to Microsoft , 95 % of Fortune 500 companies rely on the platform for cloud services for their digital transformation targets .
With this in mind , Yahoo ! Finance reported in June 2023 that Baron Funds had conducted a study that highlighted to what extent Nadella has helped Microsoft into the digital transformation race . As of June 2023 , Microsoft Corporation delivered a 36.26 % return since the start of the year , while its 12-month returns were up by 29.17 %.
In its investor letter , Baron Durable Advantage Fund said : “ The stock languished for almost 15 years while Apple , Amazon , Google , and Facebook led the transition to mobile . Satya Nadella finally took the reins in 2014 and immediately changed the company ’ s focus from the Windowscentric , on-prem legacy businesses to a cloud-first platform that could be accessed and used from any ( mobile ) device anywhere in the world .”
“ The price of Microsoft stock has increased seven-fold since Satya Nadella took over as CEO .”
18 August 2023