Shares in Micros­oft rallie­d some five per cent to $130.59 in early Wall Street tradeNEW YORK: Microsoft hit the trillion-dollar value mark Thursday for the first time, becoming the third technology giant to reach the symbolic milestone. Shares in Microsoft rallied some five per cent to $130.59 in early Wall Street trade after a robust earnings report a day earlier. That gave Microsoft a market capitalisation of just over $1 trillion, before dipping back slightly. At its current levels, Microsoft is the world’s most valuable company, ahead of Apple and Amazon, which last year topped $1 trillion before slipping back. Read the full earnings release here: https://t.co/oEXG2tYo0H — Microsoft (@Microsoft) April 24, 2019On Wednesday, Microsoft said profits in the quarter to March 31 rose 19 per cent to $8.8 billion on revenues of $30.8 billion, an increase of 14 per cent from the same period a year earlier.

Source: The Express Tribune April 25, 2019 16:39 UTC