Five years ago Eric Schmidt, Chairman of Alphabet, made a famous speech in which he referred to the 'gang of four' major players driving digital innovation: Google, Facebook, Amazon and Apple. The phrase has since been widely adopted and is almost as ubiquitous in consumer tech as the 'big four' is in audit.
Off the back of the latest earnings release from Microsoft - in which it's Azure cloud division posted strong growth - along with the recent acquisition of LinkedIn, isn't it time we included MSFT in this group?
For consumers, the company will never be as 'cool' as Apple, or Facebook, but it's regaining some of it's relevance under the current CEO, Satya Nadella, whilst it's notoriously static share price (under the previous CEO) has experienced something of a surge.
MSFT now enjoys a market cap of $430B, which stacks up versus the rest and puts it in the middle of the pack: AAPL $550B, GOOG $515B, AMZN $353B and FB $352B. Maybe it's time to welcome them back into the fold... not that Nadella will be bothered, a buoyant stock is price is 'cool' enough for him.
Microsoft's cloud unit boosts profits Microsoft reported substantial growth in its cloud computing unit, which helped to boost quarterly profits.