Microsoft surges toward trillion-dollar value as profits rise

phys.org | 1/31/2019 | Staff
oxboy (Posted by) Level 4
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Microsoft said profits climbed in the past quarter on its cloud and business services as the US technology giant saw its market value close in on the trillion-dollar mark.

Profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an increase of 14 percent from the same period a year earlier.

Microsoft - Shares - Percent - Trade - Value

Microsoft shares gained some three percent in after-hours trade, pushing it closer to $1 trillion in value.

It ended the session Wednesday with a market valuation of some $960 million, just behind Apple but ahead of Amazon.

Quarter - Microsoft - Reliance - Cloud - Computing

In the fiscal third quarter, Microsoft showed its reliance on cloud computing and other business services...
(Excerpt) Read more at: phys.org
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