If you own any Microsoft stock, you were jubilant indeed today. The stock price for the Redmond, Washington company surged up over 10 percent in trading today and was even up by over 12 percent at one point. At the end of trading, the stock price closed at $52.87 a share, which was the highest it has been since March of 2000.
The reason for the big surge was that investors ended up being satisfied with Microsoft's earnings for its first fiscal quarter of 2016, which were revealed on Thursday. Much of the good news centered on Microsoft's thriving cloud server businesses such as Azure, but some of it was due to the launch of Windows 10. Investors and analysts were apparently pleased that the OS has been installed on over 110 million PCs so far.
As we have reported, not all the news from Microsoft was good on Thursday. The company reportedly cut another 1,000 team members from its work force this week, and Microsoft only managed to sell 5.8 million Lumia smartphones during the last quarter. However, overall the company, under the leadership of CEO Satya Nadella, seems to be going in the direction that investors and analysts are happy with, at least for now.