Microsoft CEO Nadella says not to celebrate $ 1 trillion in market capitalization

Microsoft CEO Satya Nadella said he did not care that the company had reached $ 1 trillion in market value under his leadership.

"I would be disgusted if someone celebrated our market capitalization," Nadella told Bloomberg Businessweek in an interview. While Microsoft shares climbed 230% during Nadella's term as CEO from February 2014, he told Bloomberg that this milestone was "not significant".

Nadella would prefer to stay focused on the future rather than celebrate past achievements, he told Bloomberg.

"At Microsoft, we have the very bad habit of not being able to go beyond ourselves, we feel very satisfied with the success we have had," he said. "We are learning not to look back."

This state of mind has helped Microsoft develop its cloud business to become a serious competitor to the industry's leading player, Amazon Web Services. Microsoft Azure may be smaller, but its growth is now greater than that of AWS. In last year's Q3 2019 earnings report, Microsoft said its cloud computing business, which includes Azure, grew 41 percent in the quarter to $ 9.6 billion. , a figure comparable to that recorded by AWS for the first quarter of 2019. But Azure revenue grew 73 percent, according to Microsoft.

Nadella has chosen to focus on the growth of cloud commerce at Microsoft in favor of the continuous channeling of resources to the Windows division. The $ 7.6 billion loss of Nokia's purchase by former CEO, Steve Ballmer, proved that Nadella was determined to look forward to society rather than focus on the old ambitions in the cellphone. Microsoft has largely missed its chance to become a mobile player, and Apple and Google are now dominating the market.

Although Microsoft has since fallen below the $ 1 trillion market capitalization, it remains shoulder to shoulder with Apple and Amazon for the title of the most valuable company in the world – not that Nadella keeps track.

Read the full interview on Bloomberg Businessweek.

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