Microsoft Corporation (MSFT) Is Suddenly A Huge Open Source Advocate

NASDAQ: MSFT | Microsoft Corporation News, Ratings, and Charts

MSFT – Microsoft’s embracing of open source software has bolstered its cloud business immensely.

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In a bygone era, Microsoft Corporation (NASDAQ:MSFT) was a staunch opponent of open source software.

The tech titan fought viciously against the wave of open source — which exposes the source code behind software for anyone to view and edit if they so choose — for decades. It even referred to open source as a “cancer” at one point. Alas, it lost that battle, and open source software has become the backbone of the entire internet.

Now, as GeekWire notes, the company has embraced open source, and miraculously has become a go-to place for developers:

But what’s interesting about Microsoft’s approach is the speed at which it has bolstered this group in 2017 and the notion that Microsoft has become a cool place for open-source developers to work. Even after CEO Satya Nadella hit refresh in early 2014, Microsoft didn’t suddenly turn into an open-source beacon; it took several years of honest commitment to open-source projects before developers began to take it seriously.

Now Microsoft is joining the Cloud Native Computing Foundation, the Open Source Initiative, and leading the industry in terms of its commitment to open-source projects. Will this give it enough juice to overtake AWS? We won’t know for some time.

Indeed, without its shift in culture toward open source, Azure would probably never have caught on as a major force in the cloud computing world.

Times have changed, and so has Microsoft. No longer viewed as a greedy anti-developer behemoth, it’s earned the respect and admiration of the community. And that’s very bullish for the company moving forward.

Microsoft Corporation shares closed at $74.49 on Friday, up $0.62 (+0.84%). Year-to-date, MSFT has gained 21.94%, versus a 13.99% rise in the benchmark S&P 500 index during the same period.

MSFT currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 63 stocks in the Software – Application category.

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