Microsoft (NASDAQ: MSFT) is back on top of the tech world these days, but it's easy to forget that the company was left in the hinterlands for much of this century. While Microsoft was an early pioneer in personal computing with operating systems like DOS and then Windows, it missed the mobile transition, falling behind Apple after the iPhone was released.

A decade ago, Microsoft was regarded as a laggard in technology, known for a lack of innovation and underperforming the stock market, though it continued to generate profits from its entrenched personal computing and enterprise software ecosystem.

However, its legacy of underperformance changed when Satya Nadella took over as CEO nearly 10 years ago on Feb. 4, 2014.

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Source Fool.com