Boston, MA 02/10/2014 (wallstreetpr) – It has taken Indian born, cricket lover Satya Nadella 22 years to rise above the ranks to the hot seat of Chief executive officer at Microsoft Corporation (NASDAQ:MSFT). The appointment could not have come at a better time for the holder of Masters in Computer science as he is seen as the right man to change the fortunes of MSFT which has been facing a good number of challenges in the market.
Increased challenges and competition from its fierce rivals of Apple Inc. (NASDAQ:AAPL) and Samsung Electronics marks the reign of Satya Nadella, awaiting to see the kind of strategies he is set to implement to change the fortunes of Microsoft Corporation (NASDAQ:MSFT) and its subsidiary Nokia Corporation (ADR) (NYSE:NOK).
Impact of Satya Nadella Appointment on MSFT
Satya Nadella has been credited for improving the fortunes of Microsoft cloud computing sector which saw its revenue increase under his leadership. This was one of the main reason that that Microsoft Corporation (NASDAQ:MSFT) opted to go for an insider rather than looking for a CEO outside the company.
The appointment of Satya seems to have elicited mixed reaction in the stock exchange with the company’s stock remaining marginally stable without any substantial growth or decline. Microsoft shares have only gained 1% since appointment waiting to see his impact in the coming trading sessions.
Challenges that Nadella faces
The greatest challenge that Nadella faces as he heads one of the biggest software companies in the world is to try and change its fortunes so that it becomes a force to reckon with amidst the growing and evolving mobile sector. The acquisition of Nokia earlier in November also brings in an acid test as the mobile company has not been doing as expected in the market. After being appointed Satya Nadella was quoted as saying “we must focus clearly, move faster and continue to transform, a big part of my job is to accelerate our ability to bring innovative products to our customers more quickly,”
Microsoft Corporation (NASDAQ:MSFT) has been trading marginally in the market closing Friday trading at a week stable prize of $36.56 as slight improvement of 1.05%.
