Home Breaking Microsoft stock market value hits $1tn

Microsoft stock market value hits $1tn

by Peter Smyth Tech Journalist
25th Apr 19 4:24 pm

Tech giant Microsoft has seen their stock market value hit $1tn as they reported better than expected sales and profits.

Only Apple and Amazon have hit the $1tn in the past, however Microsoft share price fell back slightly after hitting the top mark.

Revenue climbed 14% to $30.6bn in the first quarter due to more cloud growth, and net profit soared 19% to $8.8bn, they said on Wednesday.

Despite Microsoft hitting the $1tn milestone, in the past employees have dismissed the importance.

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