Microsoft CEO Nadella publicly aims to reach $500 billion by 2030

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com June 27, according to US media CNBC reports, Microsoft CEO Satya Nadella (Satya Nadella) last year put forward a goal for other executives and board members, the goal was announced yesterday.

In the conversation, Nadella mentioned that Microsoft aims to reach $500 billion (currently about 3.62 trillion yuan) in revenue in fiscal year 2030, more than double its current size.

Tu Yuan PixabayCNBC stated that Microsoft does not often release financial forecasts for the future. In its latest earnings call, the company only provided forecasts until the fourth quarter.

Nadella will achieve Microsoft's 2030 goals "by implementing an evolving strategy, growth-oriented and in line with our enduring mission and culture," the report said. Nadella also outlined forecasts for shareholder returns, which come in the form of dividends and buybacks, with an annual return of 10%.

In the memo, Nadella said that the main driver of the company's business growth was Microsoft's cloud services, which included a suite of products for commercial customers, such as Azure Public Cloud, some productivity software from Microsoft 365 and some products from LinkedIn, and that "the top priority is to maintain a faster growth rate than the market, catch up with Amazon AWS and continue to stay ahead of Google GCP."

Currently, the FTC is trying to block Microsoft's acquisition of game publisher Activision Blizzard for $68.7 billion because it "may change Activision Blizzard's operations and business plans" and could lead to Microsoft's access to sensitive corporate information.

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