Microsoft CEO Satya Nadella set goal of $500 billion in revenue by 2030, court filing shows

Microsoft CEO Satya Nadella told chap executives and committee members past twelvemonth that the bundle institution aims to scope $500 cardinal successful gross by the 2030 fiscal year, much than doubling from its existent size.

The comments, pointing to yearly gross maturation of astatine slightest 10%, appeared successful a memo that became nationalist connected Monday arsenic portion of Microsoft's national tribunal proceeding implicit its pending Activision Blizzard acquisition.

Microsoft, 1 of the world's most-valuable companies, doesn't thin to contented fiscal projections acold into the future. In its latest net call, the institution provided guidance lone arsenic acold arsenic the existent period, which is the fiscal 4th quarter.

In the latest disclosure, portion of a 15-page memo with an accompanying 21-page document, Nadella said Microsoft aims to execute its 2030 extremity "by implementing an evolving strategy that is growth-oriented and accordant with our enduring ngo and culture."

Nadella besides laid retired a forecast for shareholder returns, which travel successful the signifier of dividends and buybacks.

"We judge this ambition and attack volition assistance america present successful excess of 10% yearly returns to our shareholders implicit that timeframe," Nadella wrote successful the papers dated June 7, 2022, weeks earlier the extremity of the fiscal year.

Nadella described a extremity of "20/20," involving 20% year-over-year gross maturation and 20% operating income enlargement for the 2022 fiscal twelvemonth and consequent years. For 2022, Microsoft coiled up reaching 18% top-line maturation to $198.27 cardinal successful revenue, and 19% operating income growth.

In the memo, Nadella utilized the operation Microsoft Plus to picture products aimed astatine consumers. But helium said the main operator of maturation is Microsoft Cloud, a word that refers to a wide suite of products directed astatine commercialized clients, including the Azure nationalist unreality (which competes with Amazon Web Services and Google Cloud), parts of Microsoft 365 productivity bundle and portions of LinkedIn.

"Our precedence is to support maturation supra the marketplace complaint to widen our pb implicit GCP and adjacent the spread with AWS," Nadella wrote successful the accompanying document.

The Federal Trade Commission is trying to block Microsoft's $68.7 cardinal acquisition of crippled steadfast Activision.

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