Microsoft stock market value hits $1tn


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.