Microsoft new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales.
Its shares rose almost 3 percent in after-hours trading to $40.96, keeping the stock at levels not seen since the turn-of-the-century Internet stock boom. (Click here for the latest quote.)
Microsoft shares are up about 8 percent since company veteran Satya Nadella took over as CEO in early February , and are up 19 percent since his predecessor Steve Ballmer announced plans to retire last August, easily outpacing the Standard & Poor's 500.
Investors are excited about Nadella's focus on mobile and cloud, or Internet-based, computing, designed to take Microsoft beyond its traditional PC-based Windows business. Nadella is set to face analysts' questions for the first time in public on a conference call later on Thursday.