Microsoft’s share price has more than doubled since Satya Nadella was named CEO in February 2014. Building on an enterprise business established by his predecessor, Steve Ballmer, Nadella has pushed Microsoft away from its proprietary, on-premise software into a “mobile-first, cloud-first” vision, embracing different platforms, as well as growing markets like the enterprise cloud and AI.
As Microsoft closed out its latest fiscal year, the company posted earnings showing the results of that effort. Microsoft reported non-GAAP net income of $7.7 billion, or 98 cents a share, on revenue of $24.7 billion in its fiscal fourth quarter.
