For the first time in a while, Microsoft has overtaken Google’s market capitalization. At the time of writing, Microsoft’s market capitalization stood at $732 billion beating Google who stood at $731 billion.
This is the first time in around 3 years that Microsoft has overtaken Google in terms of market capitalization. Although, this shouldn’t come as a surprise since Microsoft’s share prices have rocketed over 150% since Satya Nadella took over as CEO in 2014.
His leadership style combined with decisions related to cloud and reorganization of Microsoft has paid off. Satya made sure to make Microsoft less dependent on Windows and focus on other areas as well. This had a direct effect on the company’s financial position in the market. One example of this is yesterday’s announcement of Linux for IoT devices which saw Microsoft’s market capitalization up by approximately $6 billion.
While Microsoft is still miles away from being a trillion dollar company, this sure is the step in the right direction and we can safely say that the company is benefiting from Satya’s direction and pragmatic leadership.