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Microsoft soars on Office-for-iPad report

18
Mar
2014

(Reuters) – Microsoft Corps shares scaled levels last seen in the dotcom boom on Tuesday following reports that the company plans to unveil an iPad version of its Office software suite, potentially generating billions of dollars in revenue. Reuters reported on Monday that Microsoft Chief Executive Satya Nadella would unveil the iPad app at an event on March 27 as part of the new CEOs mobile first cloud first strategy. Microsoft has had iPad and iPhone versions of Office primed for several months now, sources told Reuters, but the company has dallied on their release due to internal divisions, among other things. Analysts said the lack of an Office version for the iPad may have robbed Microsoft billions of dollars in revenue.

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