Spreadsheet jockeys are geeking out over this new Microsoft Excel feature

A new Excel function called XLOOKUP has finance wonks excited.

The new XLOOKUP feature gives Excel users an easier, more flexible way to display information in their spreadsheets.

Satya Nadella, CEO of Microsoft, is pictured at Microsoft's annual shareholder meeting in Bellevue, Washington on November 30, 2016.makes to its software or how much fresh competition it faces across its suite of products, one thing remains true: spreadsheet junkies use Excel. Since releasing version 1.0 of Excel for Macintosh in 1995, the software included VLOOKUP to help users carry over information from one part of a spreadsheet to another. According to a Microsofton Wednesday, it was the third most-used function, after SUM and AVERAGE. The V stands for vertical, a reference to the function's ability to retrieve information in vertical columns. A similar function called HLOOKUP works with data that's in horizontal rows.

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