told fellow executives and board members last year that the software company aims to reach $500 billion in revenue by the 2030 fiscal year, more than doubling from its current size.
In the latest disclosure, part of a 15-page memo with an accompanying 21-page document, Nadella said Microsoft aims to achieve its 2030 goal "by implementing an evolving strategy that is growth-oriented and consistent with our enduring mission and culture." "We believe this ambition and approach will help us deliver in excess of 10% annual returns to our shareholders over that timeframe," Nadella wrote in the document dated June 7, 2022, weeks before the end of the fiscal year.
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