“Microsoft hits $1 trillion market cap after earnings beat estimates”
April 25, 2019
“Microsoft shares are trading near a record after rallying 34% over the past year. The stock climbed past $130.50 in extended trading, pushing the market cap over $1 trillion.
Sales jumped 14% in the latest quarter, driven by the company’s transition to the public cloud as more large businesses offload their servers and data storage to Azure infrastructure. Gross margin, or the percentage of revenue left after accounting for the costs of goods sold, was 66.7% up from 65.4% a year earlier. Net income rose 19% to $8.8 billion…”
That’s a lot of money. Does this mean M$ joined the ranks of Apple as a trillion dollar company?