An Interest In:
Web News this Week
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
Some of Our Sources
- Just Creative
- Joshua Blankenship
- Abduzeedo
- Vandelay Design
- Fuel Your Creativity
- Fudge Graphics
- Reencoded
- 24 Ways
- Android Headlines
- Dev To
Help Webnuz
Referal links:
June 23, 2021 02:17 pm GMT
Microsoft's shares have increased some 20% YoY already, and the acceleration from its $1 trillion market cap is nothing short of grandiose. The company took 33 years from its IPO (Initial Public Offering) to reach the $1 trillion valuation in 2019 - and it took them less than two years to double that to $2 trillion. COVID, of course, has its microscopic toes in this success, but so does Microsoft's increased investment and returns in gaming, as well as the lift-off of its cloud business.
Original Link: https://www.techpowerup.com/283701/microsoft-joins-the-very-exclusive-usd-2-trillion-valuation-club
Microsoft Joins the Very Exclusive $2 Trillion Valuation Club
Microsoft on Tuesday achieved another milestone on its road as a publicly traded company - the $2 trillion valuation milestone, that is. Microsoft may have felt slightly stung when Apple crossed that threshold first in 2020, but slowly and surely sure does pave the way. Microsoft crossed the $2 trillion valuation mark after its share rose by 1.2%. The company is currently having some of the best quarters in its history, with the latest quarter bringing in revenue increases of around $41.7 billion, and a clean, tidy, enormous $15.5 billion in profit during the same time.Microsoft's shares have increased some 20% YoY already, and the acceleration from its $1 trillion market cap is nothing short of grandiose. The company took 33 years from its IPO (Initial Public Offering) to reach the $1 trillion valuation in 2019 - and it took them less than two years to double that to $2 trillion. COVID, of course, has its microscopic toes in this success, but so does Microsoft's increased investment and returns in gaming, as well as the lift-off of its cloud business.
Original Link: https://www.techpowerup.com/283701/microsoft-joins-the-very-exclusive-usd-2-trillion-valuation-club
Share this article:
Tweet
View Full Article
Leading tech publication