Microsoft has seen its stock market value top one trillion dollars after reporting better-than-expected sales and profits. The US software giant passed the mark briefly on Thursday, before its share price fell back.
It makes it one of only three public firms to have hit the one trillion dollars mark, the others being Apple and Amazon.
Microsoft’s stock has climbed by about a third in the past year, helped by the growth of its cloud business.
On Wednesday, the firm said revenue rose fourteen percent too thirty-point-six billion dollars in the fourth quarter, thanks to more cloud growth and an unexpected boost for its software. Net profit surged nineteen percent to eight-point-eight billion dollars.
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