Cloud Computing: Microsoft Is Now World’s Second Most Valuable Company
November 16, 2014
Grazed from Yibada. Author: Editorial Staff.
Microsoft, a U.S.-based multinational technology firm, overtook ExxonMobil, an American oil and gas company, as the second most valuable company next to Apple Inc. Microsoft CEO Satya Nadella has proven to be a strong leader for the firm this year. The CEO reformulated the company’s budgeting while also downsizing jobs.
Nadella pledged to put more effort into developing the company’s mobile technology, which it did through the acquisition of the Nokia Lumia line of smartphones…
Nadella’s methods in reshaping the technology giant has been successful so far as the firm’s stock sales rose, bringing the total market value of Microsoft over $410 billion on Nov. 14. The figure stumped ExxonMobil’s $404 billion due to the recent stability problems in oil prices…
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