Highlights

Microsoft Corporation is one of the biggest broad-based technology companies with a dominant market position in operating systems (80% global share) and cloud computing (10%).

Under the leadership of Satya Nadella, MSFT has shifted focus to software and services, more specifically, on growing its Commercial Cloud business (Office 365 Commercial, Azure, commercial portion of LinkedIn, and Dynamics 365). Aided primarily by its dominant position in legacy IT and accelerating adoption of its Azure platform (>50% growth over past 3 years), Microsoft is well positioned to capitalize on the growing demand for cloud products, and could emerge as the largest cloud company in the upcoming years surpassing Amazon (NASDAQ: AMZN) web services.