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Microsoft market cap touches $1 trillion, pulls above Apple

 
 
FILE PHOTO: The Microsoft logo is shown on the Microsoft Theatre at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S.

 Microsoft Corp’s market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations.

The stock, which pared gains as the morning wore on, was last up 3.9% at $129.84 on Nasdaq, giving it a valuation of $996.16 billion.

The software company was helped by predictions from its executives for continued growth for its cloud computing business in its quarterly conference call after the market close on Wednesday. The stock leapt above $1 trillion in after-hours trading following the report.

Microsoft, Apple and Amazon.com Inc have taken turns in recent months to rank as the world’s most valuable U.S.-listed company. Apple last traded at $205.91, giving it a market cap of $970.92 billion. Amazon trailed with a $939.25 billion value.

IT Support

IT Support

By Chuks Obinnwa / In news

01 May, 2013

IT Support

Emex Systems has finally pulled down her old website - www.emexsystems,biz. We wish to thank our numerous customers and fans alike for their patronage and support over the years. We appreciate all these and as a way of reciprocating their good gesture, we have migrated to a new and improved website...

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Marketing Bureau

Marketing Bureau

By Chuks Obinnwa / In news

01 May, 2013

Marketing Bureau

Emex Systems Limited is happy to announce the arrival of her new website. This new site is an upgrade from the existing one. Please like us on  and/or follow us on    One of our treaties is a platform to access and buy our range of publications just with a click of the mouse. Courtesy our...

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Consultancy

Consultancy

By Chuks Obinnwa / In news

01 May, 2013

Consultancy

Our marketing department is equipped to attend to your marketing and business needs such as marketing of products for both local and international audience. We network such a large community of people and institutions thereby making our reach one that continually grows. Please like us on   ...

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RS Component

RS Component

By Chuks Obinnwa / In news

01 May, 2013

RS Component

Emex Systems in partnership with RS Components shall be bringing to our various clients and fans alike, series of tutorial on simple electronics, <hr id="system-readmore" />courtesy RS Components. Always check our website (https://emex-systems.com)  from time to time for new series and updates....

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Emex Systems,  your One-Stop for IT Products and Oil & Gas Services

Emex Systems Limited
         Leventis Building, 6, Azikiwe Road

         Port Harcourt, 500242, Nigeria

+234(0) 701 708 5533

Email: web@emex-systems.com

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2019-04-26 03:28