Microsoft CEO Satya Nadella 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. Nadella described a goal of "20/20," involving 20% year-over-year revenue growth and 20% operating income expansion for the 2022 fiscal year and subsequent years. For 2022, Microsoft wound up reaching 18% top-line growth to $198.27 billion in revenue, and 19% operating income growth. In the memo, Nadella used the phrase Microsoft Plus to describe products aimed at consumers. "Our priority is to maintain growth above the market rate to extend our lead over GCP and close the gap with AWS," Nadella wrote in the accompanying document.

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Persons: Satya Nadella, Nadella, Kevin Simpson Organizations: Microsoft Corp, White, Microsoft, Activision Blizzard, Amazon Web Services, Google, LinkedIn, Federal Trade Commission, Activision, Apple Locations: Washington , DC