Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
Shares of the U.S. tech giant jumped 8.28% to $555.74 after the company reported a 24% rise in net income and an 18% increase in revenue for the April–June period.
If gains hold in Thursday trading, Microsoft would become the second company to exceed a $4 trillion valuation, following Nvidia.
The company posted net income of $27.23 billion for the quarter ended June 30, up from $22.04 billion a year earlier.
Revenue rose to $76.44 billion from $64.7 billion. Earnings per share climbed 24% to $3.65.
Microsoft's server products and cloud services revenue grew 27%, with Azure and other cloud services up 39%.
Revenue from its Productivity and Business Processes division, which includes LinkedIn and Office software, rose 16% to $33.11 billion.
The More Personal Computing segment, which covers video games, Windows, devices, and search ads, brought in $13.45 billion, up 9%.
The company also reported $1.71 billion in other expenses for the quarter, including known losses on equity method investments such as OpenAI.
That compares with $623 million in other expenses in the previous quarter.
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Thailand repatriated two Cambodian soldiers on Friday from a group of 20 detained last week, just days before crucial talks in Malaysia aimed at upholding a fragile ceasefire along the disputed Thai-Cambodian border.
Russian energy giant Gazprom increased its average daily natural gas supplies to Europe by 37% in July compared to June, when maintenance activities had curbed exports, calculations based on transmission data showed on Friday.
Southeast Asian nations expressed relief on Friday after the United States imposed tariffs on their exports that were significantly lower than anticipated- settling around 19% for the region’s largest economies and helping level the competitive field.
Germany announced on Friday it will send two more Patriot air defence systems to Ukraine, following a deal with the United States that ensures Berlin will be prioritised for receiving the latest replacements.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
Germany’s cabinet has approved a draft 2026 budget on Wednesday featuring record investments and a borrowing level nearly three times higher than last year’s, aiming to strengthen infrastructure and defence while efforts to revive growth.
The World Bank has announced that Tajikistan's medium-term outlook remains favourable, with growth projected to moderate to 7% in 2025 and converge toward a growth rate of 4.5% in 2026 and 5% in 2027.
Adidas saw its shares drop 7.5% in early Wednesday trading after second-quarter sales came in below expectations and the company warned of an added €200 million ($231 million) cost burden from new U.S. tariffs in the second half of 2024.
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