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Missed Out On Microsoft? My Best Cloud Stock to Buy and Hold

·4 min read
Missed Out On Microsoft? My Best Cloud Stock to Buy and Hold
In this article:
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Over the past eight years, Microsoft (NASDAQ: MSFT) transformed itself from an aging legacy software company into a high-growth cloud giant. Satya Nadella, who took the helm as Microsoft's third CEO in early 2014, spearheaded the company's "mobile first, cloud first" initiative which converted a large portion of its desktop software into mobile apps and cloud services. Between fiscal 2014 and fiscal 2021, which ended last June, Microsoft's annual cloud revenues rose from just 5% of its top line in fiscal 2014 to 41% in fiscal 2021.