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Microsoft
Willing to change, that was the message new Microsoft CEO Satya Nadella was pushing as the firm released third quarter earnings.
Microsoft beat Wall Street analysts’ expectations, driving the company’s stock price up 3 percent on Thursday after earnings were released. Growth came from the company’s surface tablet sales and commercial business sector, according to Norman Young, Senior Equity Analyst at Morningstar. Results were also aided by a less severe decline in the PC industry.
Young believes the company has already demonstrated continued growth for the fourth quarter and remains optimistic about the company’s new direction.
Nadella is shifting the traditionally PC focused company towards more mobile and cloud based technology. On the quarterly call with Wall Street he said, "What you can expect of Microsoft is courage in the face of reality; we will approach our future with a challenger mindset; we will be bold in our innovation." Analysts are excited about the company’s future trajectory as he continues to push Microsoft’s business into the mobile and cloud computing world.
The company’s stock has increased 8 percent since Nadella assumed the role of CEO in February.
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