Microsoft has become the most valuable US company with $753.3 billion in the market capitalization, from past Apple for the first time since 2010 when it came to close to the Cupertino- based tech giant. The Apple, which becomes the first 1- trillion US company in August, and this came down to $ 746.8 billion on Friday. Amazon with $ 736.6 billion is currently at the third and Alphabet with $ 725.5 billion is at the fourth spot.
Investors are now betting big on many companies with robust cloud services and the other software services which are witnessing an increased demand from small and big enterprises world over for their digital journey, at the time when giants like Google, Facebook face intense scrutiny for all users’ data practices.
On its growing gaming, Azure Cloud, and Surface laptop portfolio, Microsoft posted revenue of $29.1 billion and net income for the first quarter of its 2019 financial results.
The CEO Satya Nadella in a statement said that we are off to a great start in 2019, and the result of our innovation and the trust of customers are placing over us to power their digital transformation.
Microsoft informed as for the revenue in a cloud of intelligent was $ 8.6 billion and that also increased with twenty-four percent. Cloud services and products revenue that increased with twenty-eight percent driven by Azure revenue growth of seventy-six percent