Microsoft plans to hit $500 billion in revenue by fiscal 2030

A report from the CNBC network reveals that Satya Nadella, Microsoft’s Chief Executive Officer, set a goal in 2022 to elevate the company’s revenue to $500 billion before the close of the fiscal year 2030.

Documents unveiled amidst a lawsuit by the United States Federal Trade Commission, accusing Microsoft’s acquisition of Activision Blizzard of monopolistic market practices, indicate that Nadella conveyed to the board internally that the company’s revenue was in a state of robust development. Assuming a minimum annual growth rate of 10%, it is projected that by fiscal year 2030, the revenue scale of $500 billion could be actualized.

Within the pertinent documents, Nadella underscored the continued drive to stimulate the growth of Azure, their cloud business, and widen the gap with competitor Google Cloud. The intent is to gradually pursue the development scale of Amazon’s AWS cloud business, thereby propelling the growth of additional Microsoft sectors.

At present, existing businesses including Office, Windows and others have been extensively integrated with the cloud platform. A recent deep collaboration with OpenAI on artificial intelligence technology is anticipated to drive increased demand for cloud platform usage. Market speculation suggests that the imminent wave of artificial intelligence will present Microsoft with substantial growth opportunities.

Conversely, the Metaverse also features prominently in Microsoft’s plans for market expansion. Hence, when the acquisition of Activision Blizzard was announced, Nadella emphasized that gaming would become an indispensable element in the development of the Metaverse. Acquiring the assets related to Activision Blizzard is viewed as an imperative objective for Microsoft.