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Microsoft past $ 1 trillion at market value this week, due to the strength of a results report showing sales and earnings higher than expected, making it the third business to do it after Apple and Amazon.
Microsoft joins Apple and Amazon as a $ 1 trillion company
Microsoft joined Apple and Amazon to have come that the third never US company listed on the stock market for a valuation of $ 1 trillion, marking a milestone for the software giant.
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In their quarterly results this week, Microsoft realized higher than expected sales and profits, increasing the value of its stock and pushing the company up. $ 1 trillion line for the first time, after similar exploits of Apple and Amazon last year. The market values of the three companies change from one moment to another, and after the passage of Apple and Amazon $ 1 trillion the value of their shares ultimately fell, bringing the company's current market value back to $ 1 trillion.
Microsoft, likewise, remained a $ 1 trillion company for less than a day before falling back to settle in $ 995 billion. It always has the highest market value of any publicly traded company, with Apple and Amazon close behind $ 970 billion and $ 940 billion, respectively.
Cloud services continue to fuel technology growth
After Amazon recorded a record quarterly profit this week, fueled in large part by the continued growth of its cloud computing platform, Microsoft likewise, its cloud services business grew in the first quarter of 2019.
Microsoft reported an overall increase in income from 14%. His cloud services unit also saw his turnover climb 14%, helping to increase the overall net profit of the company from 19 percent.
"Lead organizations of all sizes in all sectors trust Microsoft Cloud,"I said Microsoft CEO Satya Nadella. "We are accelerating our innovations in the cloud and on the periphery so that our customers can create the digital capability that is increasingly needed to stay competitive and grow.
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