Microsoft's valuation breaks $1 trillion

Microsoft's market capitalization briefly breaks $1 trillion, taking on Amazon and Apple.

@DeekeTweak
Published Mon, Apr 29 2019 3:49 PM CDT   |   Updated Tue, Nov 3 2020 11:48 AM CST

Microsoft briefly joined the likes of Amazon and Apple in the trillion-dollar club.

Microsoft's valuation breaks $1 trillion | TweakTown.com

On Wednesday, Microsoft reported strong FY Q3'19 earnings growth across key segments. Total revenues jumped by 14% YoY to $30.6 billion and profits spiked by a healthy 19% YoY to $8.8 billion, both of which were driven by strong services and cloud earnings. The most dramatic rise was Azure, which rocketed by 73% and was a strong contributor to the Intelligent Cloud segment's $9.7 billion revenues.

These figures prompted Microsoft's stock to rise to $130.12, the highest point in 29 years, and propelled its market capitalization briefly past $1 trillion. Only titans like Amazon and Apple have broken the trillion-dollar valuation. Right now Microsoft's shares have dropped slightly to $129.73 and the current market cap sits at $994.4 billion.

As Microsoft continues doubling-down on services, cloud, and enterprise, it could break past the $1 trillion mark again.

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles