Microsoft hits $1 trillion in market cap after strong earnings

Microsoft hits $1 trillion in market cap after strong earnings

5 years ago
Anonymous $9jpehmcKty

https://finance.yahoo.com/news/microsoft-reports-fiscal-q3-2019-earnings-200611610.html

Microsoft’s cloud-computing business was in focus, as analysts expected to see strong growth in the segment. The cloud business brought in $9.65 billion in revenue, which was a 41% increase from last year. Analysts were predicting cloud revenue of $9.30 billion.

“Leading organizations of every size in every industry trust the Microsoft cloud. We are accelerating our innovation across the cloud and edge so our customers can build the digital capability increasingly required to compete and grow,” CEO Satya Nadella said in a statement.

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