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.
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United...
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialo...
U.S. President Donald Trump said on Monday that he had paused a planned attack on Iran after Tehran sent a peace proposal to Washington. He said th...
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to s...
Turkish Foreign Minister Hakan Fidan and German counterpart Johann Wadephul said Monday that Ankara and Berlin are bo...
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United Nations and Türkiye, while flotilla organisers said several ships continued sailing toward Gaza despite the operation.
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to sovereignty and national unity, ahead of his visit to Beijing for talks with Chinese President Xi Jinping.
Turkish Foreign Minister Hakan Fidan and German counterpart Johann Wadephul said Monday that Ankara and Berlin are both keen to deepen strategic cooperation.
A luxury polar expedition vessel linked to a hantavirus outbreak has arrived in Rotterdam, where health authorities have placed the final 27 people on board into quarantine and have begun containment measures.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
The World Health Organization (WHO) has declared an Ebola outbreak in the Democratic Republic of Congo (DRC) and Uganda a Public Health Emergency of International Concern (PHEIC), warning that the situation poses a significant risk of cross-border spread in Central Africa.
Eurovision Song Contest once again proved how unpredictable its outcome can be, with Bulgaria’s Dara turning a late surge into a dominant win while several expected contenders collapsed early. At the same time, the absence of the South Caucasus region from the final raised questions.
Government bond markets from Tokyo to New York extended losses on Monday (18 May) as rising energy prices linked to the Middle East conflict heightened inflation concerns and reinforced expectations that major central banks could keep interest rates higher for longer.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
By the time American shoppers began noticing higher prices on everything from trainers to televisions, the world's two largest economies were already deep in a trade war that left the world wondering how it would end.
The Strait of Hormuz remains a vital maritime chokepoint and serves as the primary artery linking the Persian Gulf to international energy markets. With approximately 20% of global oil and gas shipments transiting this waterway, it is the backbone of energy security for Asia, Europe, and beyond.
China’s exports grew faster than expected in April, as overseas buyers moved quickly to secure supplies amid fears that the conflict involving Iran could drive up global energy and transport costs.
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