Microsoft's (MSFT) Office for iPad Goes Live as 'Nadella Era' Takes Shape
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Price: $399.04 -2.45%
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Microsoft's (NASDAQ: MSFT) new CEO, Satya Nadella, confirmed the release of Office for iPad at an event today. The app will be available today at the App Store in 29 languages. The apps require an iPad running iOS 7.0 or later. Given the news was widely expected shares sold off slightly (-0.9%).
The app is available as a free download from the App Store, enabling users to read and present documents, spreadsheets and presentations. However, editing will require a subscription to Office 365.
"Microsoft is focused on delivering the cloud for everyone, on every device. It's a unique approach that centers on people — enabling the devices you love, work with the services you love, and in a way that works for IT and developers," said Nadella.
Microsoft also announced the Enterprise Mobility Suite, a comprehensive set of cloud services to help businesses manage corporate data and services on the devices people use at work and at home. In addition, the company announced the upcoming availability of Microsoft Azure Active Directory Premium and enhancements to Windows Intune.
Aside from the app, it was CEO Satya Nadella's first public debut as Microsoft's only third CEO in history and analysts were impressed. FBR Capital's Daniel Ives said, "... we believe the "Nadella era" at Microsoft is off to a good start so far, as the software behemoth veteran appears to be showing openness in his strategy/vision while trying to steer away from the status quo, representing a breath of fresh air for investors, in our view."
The analyst expects further discussion of key growth initiatives (e.g., Windows updates, Windows Phone 8, Surface, cloud, etc.) at the upcoming Build Conference (April 2 to April 4) in San Francisco as the company continues to look for its next leg of growth.
"The underlying goal of today's event in our opinion was for Mr. Nadella to start to lay the seeds of Microsoft's growth strategy over the coming year," the analyst commented. "We believe the Office for iPad was a major positive step in the right direction and signals a "strategic change" at Microsoft which could be the sign of more things to come around cloud, tablets, mobile and future Windows releases over the next 12 to 18 months. Mr. Nadella needs to not just successfully convince investors but provide a cloud architecture that attracts developers to the company's "bread and butter" franchise and thus help catalyze growth on the consumer and enterprise fronts." The analyst continues to rate the shares at Market Perform.
On the opportunity of Office on iPad, the analyst continues to see it representing between a $3 billion and $5 billion TAM, which could grow when including adoption of Office on other devices (e.g., Android).
The app is available as a free download from the App Store, enabling users to read and present documents, spreadsheets and presentations. However, editing will require a subscription to Office 365.
"Microsoft is focused on delivering the cloud for everyone, on every device. It's a unique approach that centers on people — enabling the devices you love, work with the services you love, and in a way that works for IT and developers," said Nadella.
Microsoft also announced the Enterprise Mobility Suite, a comprehensive set of cloud services to help businesses manage corporate data and services on the devices people use at work and at home. In addition, the company announced the upcoming availability of Microsoft Azure Active Directory Premium and enhancements to Windows Intune.
Aside from the app, it was CEO Satya Nadella's first public debut as Microsoft's only third CEO in history and analysts were impressed. FBR Capital's Daniel Ives said, "... we believe the "Nadella era" at Microsoft is off to a good start so far, as the software behemoth veteran appears to be showing openness in his strategy/vision while trying to steer away from the status quo, representing a breath of fresh air for investors, in our view."
The analyst expects further discussion of key growth initiatives (e.g., Windows updates, Windows Phone 8, Surface, cloud, etc.) at the upcoming Build Conference (April 2 to April 4) in San Francisco as the company continues to look for its next leg of growth.
"The underlying goal of today's event in our opinion was for Mr. Nadella to start to lay the seeds of Microsoft's growth strategy over the coming year," the analyst commented. "We believe the Office for iPad was a major positive step in the right direction and signals a "strategic change" at Microsoft which could be the sign of more things to come around cloud, tablets, mobile and future Windows releases over the next 12 to 18 months. Mr. Nadella needs to not just successfully convince investors but provide a cloud architecture that attracts developers to the company's "bread and butter" franchise and thus help catalyze growth on the consumer and enterprise fronts." The analyst continues to rate the shares at Market Perform.
On the opportunity of Office on iPad, the analyst continues to see it representing between a $3 billion and $5 billion TAM, which could grow when including adoption of Office on other devices (e.g., Android).
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