1 trillion US dollars! Microsoft's market value surpasses Apple to become the world's largest

Yesterday, Microsoft released its new financial report, which looked very stable, especially the performance of its cloud services. Its total revenue was US$30.571 billion, a 14% increase from US$26.819 billion in the same period last year; its net profit was US$8.809 billion, a 19% increase from US$7.424 billion in the same period last year.

In terms of business revenue, cloud computing and gaming businesses have become the biggest contributors to Microsoft's business revenue growth. In addition, productivity and business process business revenue, Surface revenue, and Xbox software and service revenue have also maintained a steady growth rate. Led by the Intelligent Cloud business unit, the company has achieved healthy revenue and profit growth in recent years, and it continues to drive its growth in its first quarter performance, becoming Microsoft's legitimate trump card business.

In the cloud business, Azure revenue soared 73%. Microsoft's commercial cloud business, including Azure, grew 41% to $9.6 billion in the quarter. Azure is still much smaller than its rival Amazon's web service AWS, but Azure's growth rate exceeds AWS's growth rate at the same scale.

Such performance also won the recognition of investors, which made Microsoft's stock price rise 4% at the opening to $130, a record high. Its market value exceeded one trillion US dollars, surpassing Apple to become the world's most valuable company.

Content Statement: Except for original works, the articles, pictures, videos and music used on this platform belong to the original rights holders. Due to objective reasons, there may be improper use, such as some articles or part of the quoted content in the article failing to contact the original author in time, or the author's name and original source are marked incorrectly, etc. This is not a malicious infringement of the relevant rights of the original rights holder. Please understand and contact us for timely processing to jointly maintain a good online creation environment.