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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Leaders from across Europe meet in Copenhagen on 2 October for the seventh European Political Community summit, with security and support for Ukraine at the top of the agenda following today’s informal European Council.
The foreign minister of the Turkish Republic of Northern Cyprus (TRNC) Tahsin Ertugruloglu has strongly criticised the UN Security Council, accusing it of depriving the Turkish Cypriot people for six decades through failed negotiations on the Cyprus issue.
Contact has been lost with several vessels in the Global Sumud Flotilla, organisers said on Wednesday evening, as the ships continued their attempt to reach Gaza with humanitarian aid.
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A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The Organization of Petroleum exporting countries OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said sources familiar with the talks.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
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