Microsoft worth more than $ 1 trillion: Back in August, Apple became the first technology company whose market value exceeded $ 1 trillion. And now Microsoft has joined the trillionaire club of insanely rich companies.
Microsoft shares rose immediately after the publication of the quarterly report, which showed growth in all major areas of business. Thus, revenue for the quarter amounted to $ 30.6 billion, which is 14% more than the same period last year. Operating profit – 10.3 billion dollars (+ 25%), net profit – 8.8 billion dollars (+ 19%).
Today, after the opening of trading, Microsoft’s stock price has risen to $ 130, with the result that the market capitalization has exceeded $ 1 trillion. True, the stock price quickly fell, but they still managed to fix the record.
Now there are only three technology companies in the “those most” club: Apple, Amazon, which joined it through time, and now Microsoft. If you omit the adjective “Technology”, in the list of those whose value was (albeit briefly) above a trillion dollars – Chinese oil company PetroChina Co. True, it is now estimated at 200 billion, but its past glory is still not forgotten. There is also Saudi oil giant Saudi Aramco. Some experts estimate it at $ 2 trillion, but since this is a non-public company, there are no exact figures.