Microsoft Corporation has come a long way in the last few years. It has transformed itself into a diversified business with a leading market share in several fast-growing industries such as cloud computing, social media, video communication, and video gaming.
Today, the company is focused on expanding its footprint in the cybersecurity industry as well, which is likely to improve Microsoft’s long-term earnings potential in more ways than one
Microsoft announced the acquisition of ReFirm Labs, a device vulnerability management and firmware security analysis company, for an undisclosed amount. Although some businesses have opted to embrace cloud computing, cyber threats have emerged as a major obstacle to the continued growth of this industry. That is because some businesses have decided to use traditional inhouse computing and data storage facilities to ensure the safety of their business secrets and other important data.