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Thursday, April 25, 2019

Microsoft hit the trillion-dollar value mark, becomes 3rd technology giant to reach the symbolic milestone.


Microsoft hit the trillion-dollar value mark on April 25,2019  for the first time, becoming the third technology giant to reach the symbolic milestone.

Shares in Microsoft rallied some 5% to $130.59 in early Wall Street trade after a robust earnings report a day earlier.

That gave Microsoft a market capitalisation of just over $1 trillion, before dipping back slightly.
At its current levels, Microsoft is the world's most valuable company, ahead of Apple and Amazon, which last year topped $1 trillion before slipping back.

On April 24, Microsoft said profits in the quarter to March 31 rose 19% to $8.8 billion on revenues of $30.8 billion, an increase of 14% from the same period a year earlier.

The results were driven by growth in cloud computing and business services, the new focus for Microsoft after a long run as a leader in consumer software

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