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April 2019
- Microsoft was among the first companies to exceed a $1 trillion valuation when it hit that milestone in April 2019.
www.cnbc.com/2021/06/24/microsoft-closes-above-2-trillion-market-cap-for-the-first-time.htmlMicrosoft closes above $2 trillion market cap for the first time
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Jan 24, 2024 · Microsoft crossed a $3 trillion market capitalization for the first time in its history Wednesday, commemorating the long-time tech leader’s massive artificial intelligence win.
- Derek Saul
Shares of Microsoft topped the $130.50 value needed to give the company a market value of $1 trillion, joining Apple and Amazon.com as the only U.S. companies to ever reach that mark.
Jan 29, 2024 · It's been a recent resurgence for Microsoft. Just five years ago, it was hovering around $100 a share. And it wasn't until late 2019 that it passed $1 trillion in market capitalization.
- Daniel Foelber
- Overview
- Microsoft earnings
•Microsoft is now the third U.S. company to surpass a market value of $1 trillion, after Apple and Amazon.
•Its stock rose almost 4 percent on Thursday, boosted by better-than-expected third-quarter results.
•Profits were boosted by new clients and demand for cloud computing.
Microsoft on Thursday became the third U.S. company to hit $1 trillion in market value, joining rivals Apple and Amazon. The tech company's Azure cloud software helped deliver third-quarter results that topped analyst estimates, boosting its stock price and pushing its value past the trillion-dollar mark.
Apple was the first to hit the historic mark in August, followed by Amazon, which operates cloud-computing services that compete with Microsoft, in September. Microsoft crossed that rarefied threshold after its shares rose more than 5 percent in early trading following the company's better-than-expected earnings report. Its market value slipped back to $991 billion after the shares slipped in afternoon trade to close up 3 percent on the day.
The Redmond, Washington-based company, founded by Bill Gates and the late Paul Allen in 1975, has climbed roughly 28 percent this year. It's also getting a lift from a buoyant stock market, with stocks hitting record highs this week.
Microsoft reported quarterly revenue of $30.6 billion, up 14 percent from a year ago. Profit rose 19 percent to $8.8 billion.
Revenue for its Azure product rose 73 percent in the quarter and "continues to gain share vs. the likes of AWS and Amazon," Wedbush Securities analyst Daniel Ives wrote in a note to investors.
"We view last night's March results as another feather in the cap for Nadella in the company's quest to become a cloud behemoth," he wrote.
Microsoft is expected to continue to gain market share in the cloud computing industry, a market which the forecasting firm Gartner projects will reach $182 billion by 2022, UBS analyst Jennifer Swanson Lowe wrote in a client note.
- CBS News
- 51 sec
Apr 25, 2019 · Microsoft has seen its stock market value top $1 trillion (£774bn) after reporting better-than-expected sales and profits. The US software giant passed the mark briefly on Thursday, before...
Jan 24, 2024 · The stock rose by nearly 1.5% to about $405 per share on Wednesday afternoon, exceeding a $3 trillion market capitalization and joining Apple as the only other company to have reached the...
Jan 24, 2024 · Microsoft has reached a $3 trillion market cap, the first time in its 48-year history. It’s the second company, after Apple, to reach the milestone valuation after stock in Microsoft climbed 1.5...
