Microsoft Corp. shares rose in the extended session Wednesday, pushing the tech giant toward a $1 trillion valuation as cloud growth continues to boost the company’s finances.
Apple Inc. AAPL, -0.15% is the only public U.S. company to record an official $1 trillion valuation, and has been nearing that mark again of late, closing Wednesday with a market cap of $976.8 billion, according to FactSet. Amazon.com Inc. AMZN, -1.14% briefly crossed the mark in a single trading session last September, but has never closed a trading session at that level. Amazon had a market cap of $935.8 billion as of Wednesday’s close, according to FactSet.
On the conference call, Hood said the company expects $10.55 billion to $10.75 billion in productivity and business processes in the fourth quarter. Analysts polled by FactSet expect $10.67 billion. Intelligent cloud is forecast to bring in $10.85 billion to $11.05 billion, Hood said. Analysts expect $10.94 billion. PC revenue is expected to bring in $10.8 billion to $11.1 billion in the fourth quarter, while analysts expect $10.96 billion.
Source: News Formal (newsformal.com)
Think where they’d be if they’d replaced Balmer a decade ago.
Amazing seeing how Azure has impacted $MSFT, especially with so many companies working in the cloud-related market!
Ridiculous! There’s only $1.6 trillion of US currency in circulation around the entire world! No company is worth that kind of money! We’re living in a fake bubble inflated stock market Which is going to wipe out millions and millions
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