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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Lebanese soldiers have begun patrolling the southern town of Zawtar al-Gharbiyeh after Israeli forces withdrew from the area, in the first major test of a U.S.-brokered plan aimed at restoring Lebanese state control over parts of the country's south.
Indian Prime Minister Narendra Modi called for setting up a foolproof public examination system in the country on Tuesday, a day after supporters of the youth-led "cockroach" movement and police clashed as they marched on parliament to protest against question paper leaks.
Azerbaijani President Ilham Aliyev and German President Frank-Walter Steinmeier have discussed regional developments, transport connectivity, energy cooperation and the Azerbaijan-Armenia peace process during talks in Berlin.
Iran's Revolutionary Guards (IRGC) said it had struck U.S.-linked military sites in Kuwait and Bahrain, claiming damage to air defences and radar systems, as U.S. forces carried out a 10th consecutive night of strikes on Iran. The IRGC also said two oil tankers caught fire in the Strait of Hormuz.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Spain are world champions for the second time after Ferran Torres' extra-time winner secured a 1-0 victory over Argentina in the 2026 FIFA World Cup final at New York New Jersey Stadium.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
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