You know that Microsoft is an American multinational technology company founded by Bill Gates and Paul Allen. Microsoft develops, licenses, manufactures, supports and sells computer software, electronics, personal computers, and related services.
They are known the best for their operating system Microsoft Windows and the Microsoft Office Suite, but also their Xbox video game consoles.
But what about the net worth of this big company? If you want to learn more about Microsoft and its net worth, keep reading this article.
How Was Microsoft Founded?
Bill Gates and Paul Allen were childhood friends who had a plan to make a business with their knowledge and skills in computer programming. The two of them founded their first company, Traf-O-Data in 1972. The company sold rudimentary computers to track and analyze automobile traffic data.
In 1975, MIT agreed to distribute the interpreter for Altair 8800 they developed. That same year on April 4, they decided to establish a new company and to name it Microsoft. In April 1975 Microsoft was born, the name was suggested by Allen, and Gates was the CEO.
Bill Gates was replaced as CEO in 2000 by Steve Ballmer. Steve was responsible for the Microsoft Surface line of tablet computers and forming Microsoft Mobile through the acquisition of Nokia’s devices. Steve was replaced by Satya Nadella in 2014, after 14 years of being CEO.
Microsoft Today
Microsoft Company had some troubles in the past, it was a big company but they’ve lost their spark. Their stock price dropped at one moment, and no one knew if they going to get back on track.
But something happened, Satya Nadella became chief executive in 2014 and Microsoft’s stock price tripled since then. They’ve figured out where they are good and where they are not. They’ve abandoned the story with smartphones and they’ve returned to their roots, supplying technology to business customers.
They’ve fully embraced cloud computing and different points of view. The company changed culturally and everyone says that Microsoft is again an exciting place to work.
Microsoft surpassed Apple as the most valuable publicly traded company in the world in 2018. Before that, in 2010 Apple took first place.
Microsoft’s Net Worth
Microsoft has a market cap or net worth of $3.09 trillion as of March 18, 2024. The same was achieved by Apple and Amazon last summer. These three companies are the only companies in the U.S that managed to reach a $3 trillion market cap.
And it’s all because that cloud-computing business that we mentioned before. Microsoft rode that business to another strong quarter and the sales of the Windows operating system rebounded.
There was also a larger rise than analysts excepted because they’ve got a 14% increase in quarterly sales from a year earlier. The global economic activity is slowing down and investors are favoring companies like Microsoft Corporation because they can steadily lift sales. Their shares have risen 40% in the past 18 months.
If Microsoft Corporation continues to evolve and do things like now and better, they are going to be on the top of the throne. They’ve managed to overcome every obstacle in the past and they’ve managed to rise from the ashes. The future of Microsoft Corporation is bright.
