The company that directs Satya Nadella has been carrying out share buybacks routinely in recent years, although the one announced on Wednesday stands out for the large amount, since in the past the figures were around 10,000 and 20,000 million dollars.
In parallel, the company based in Redmond (Washington State, USA) increased the dividend for the current quarter from 5 to 51 cents per share, which will be paid on December 12 to all those who have been holders of shares as of November 21.
Microsoft also announced today the date of its annual shareholders meeting, which will be on December 4.
On July 18, the company that 44 years ago co-founded Bill Gates and Paul Allen announced the benefits corresponding to the whole of their 2019 fiscal year, in which cloud services and especially the Azure platform were once again the key that It allowed them to close the year with more than double the benefits of the previous one.
The company then announced a net profit of $ 39,240 million, more than double the 16,571 million obtained in the previous year, and an increase in turnover of 14% to reach $ 125,843 million.
As usual in recent years – especially since Satya Nadella took charge of the company replacing the historic CEO Steve Ballmer in 2014 – the big engine behind Microsoft's growth was again the cloud, which entered a 21 % more than a year ago.
Within this business segment, which the firm has dubbed "Smart Cloud", the most prominent element was also once again its Azure services platform, a direct competitor of Amazon Web Services (AWS) and Google Cloud and whose billing rose by 64%
After knowing the repurchase of shares and the increase in the dividend, Microsoft shares rose 1.21% in electronic operations after the closing of the markets on Wall Street. EFE
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