Microsoft joins the club with a market capitalization of $ 1 trillion

Microsoft has joined an exclusive club whose only requirement to become a member is a market capitalization value of $ 1 trillion or more, and in doing so, it has become the crown of the most profitable companies.

The IT giant crossed the barrier on Wednesday after trading hours, when stocks jumped more than 4% on earnings and earnings above expectations. For the third quarter, Microsoft recorded revenues of $ 30.6 billion and a net profit of $ 8.8 billion thanks to the strong performance of the Windows, Xbox / Games, Search Advertising and Surface businesses. business.

This boost makes Microsoft the third US company to achieve this market capitalization, as well as the most valuable US company, based on the share price of all of the company's stock. Apple became the first American company reach its target in August, but its current market capitalization is $ 976 billion. Amazon briefly joins Apple a month later, but now has a value of $ 935 billion.

Microsoft did not immediately respond to a request for comment.