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Microsoft's valuation breaks $1 trillion

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

Derek Strickland | Apr 29, 2019 at 03:49 pm CDT (0 mins, 51 secs reading time)

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.

Last updated: May 1, 2019 at 09:22 am CDT

Derek Strickland

ABOUT THE AUTHOR - Derek Strickland

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.

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