Microsoft is now part of an exclusive club: $1 trillion dollar companies.
On Thursday, the company’s stock price opened at $130 per share, bringing its total market cap (the price of all of its shares combined) to over $1 trillion. It’s the third company to achieve this somewhat mind-bending milestone, following Apple, which hit the mark in August 2018, and Amazon, which earned that valuation in September 2018.
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The bump in value comes thanks to an impressive earnings report the company posted Wednesday. All three of Microsoft’s divisions — hardware, software, and cloud and enterprise services — are pulling their weight. Microsoft’s revenue for the quarter increased 14 percent over last year, for a total quarterly revenue of $30.6 billion. Read more…
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Source : Microsoft joins Amazon and Apple in $1 trillion club
