Microsoft news came in recently when it was accused of reading Hotmail inbox of
a blogger. The company accepted the fact that it read the anonymous blogger's emails in order to identify
an employee it suspected of leaking information. Deputy General Counsel for Microsoft, John Frank said it
took "extraordinary actions in this case".
He
said even though the search was technically legal, Microsoft would consult
outside counsel in the future.
Microsoft’s share price is trading today at
$40.33 up 2.7% from yesterday which is a 14 year high. The stock price has increased 7.8% since January 2014 and since last year Microsoft’s stock has appreciated 44%.
$40.33 up 2.7% from yesterday which is a 14 year high. The stock price has increased 7.8% since January 2014 and since last year Microsoft’s stock has appreciated 44%.
Microsoft’s revenue growth has beaten the industry
average of 10.3%.in the same quarter one year prior, revenues increased by
14.3%. Due to this growth in revenues, the
Microsoft’s earnings per share have improved to $2.71.
Microsoft, who had a new
CEO appointed last month, believes that they need to behave more like “challengers” than followers in a number
of different key digital arenas, such as mobile. It’s important to see whether
Satya Nadella is the person who will take Microsoft to a new level along with
the assistance of Bill Gates who is the ex CEO and the co-founder of Microsoft.
Microsoft shares expected to
grow because of the fact that they have launched Office 365 on Ipad which will
result in more subscriptions and eventually revenues will also increase.
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