Microsoft Surging Over $1 Trillion to Number One

Microsoft stock surging over $1 trillion in market value in after hours trading with a strong earnings report.

Microsoft announced financials for 2019 Q3:

· Revenue was $30.6 billion and increased 14%
· Operating income was $10.3 billion and increased 25%
· Net income was $8.8 billion and increased 19%
· Diluted earnings per share was $1.14 and increased 20%

Microsoft returned $7.4 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2019.

Demand for cloud services grew 41% for a year ago and Office products were solid.

Apple is at $980 billion in value.
Amazon is at $935 billion.
Google is at $874 billion in value.

SOURCES : Microsoft

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