Microsoft becomes a $1 Trillion Company

[legendguru]

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Microsoft reached $1 trillion market valuation in after hours trading, after the company managed to beat analyst expectations for the third quarter of fiscal year 2019.

The stock jumped no less than 3 percent after Microsoft’s earnings report, reaching $130.50 and pushing the overall market cap to more than $1 trillion.

Microsoft thus becomes the second technology giant to be worth $1 trillion, after rival Apple reached the same milestone in 2017.

Amy Hood, executive vice president and chief financial officer of Microsoft, says several divisions managed to beat expectations with strong performance during the quarter.