Key Speakers At The Microsoft Build Developer 2015 Conference
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CEO Satya Nadella has changed the software giant’s modus operandi. And investors are loving what they see

Remember Borg Microsoft, the bullying juggernaut that ruled the software industry with an iron fist? The Microsoft of 2015 has strayed so far from that original incarnation it might as well be called bizarro Microsoft.

Gone are the days when Bill Gates and Steve Ballmer mocked Linux or called it a cancer. Or when Ballmer laughed at the iPhone. Or when Ballmer dismissed Android was too hard to use. (A billion Android phones shipped last year.) The new Microsoft has shed its arrogance. These days, it works hard to play well with others.

And the new, more open approach is working. Microsoft’s stock is up 53% in the past two years after a very long season of stagnation. While the stock stumbled earlier this year, it’s up 14% since the company reported earnings on April 23, largely because of growth in its cloud business, such as its Azure computing platform.