Why Microsoft Again Became the World’s Most Valuable Company

Microsoft Corp. (NASDAQ: MSFT) has once again become the world’s most valuable company, worth well over $600 billion. The software giant reclaimed this title after several years in Apple Inc.’s (NASDAQ: AAPL) shadow. Microsoft shares hit the market Wednesday, March 20th trading at $100 per share which brought the company’s market capitalization to a staggering $610 billion. Apple shares dropped just 1 percent during the day, giving the company a total value of $523 billion.

In what was considered a very poor showing for the PC industry last quarter, Microsoft still managed to post strong profits and revenue growth in its fiscal first quarter. In what was the second consecutive quarter of positive revenue growth for Microsoft, it reported $23.22 billion in earnings and $24.7 billion in revenue.

Despite the strong performance, Microsoft announced a significant round of layoffs during its first fiscal quarter and said that it would be restructuring its sales teams to sell its services as subscription packages rather than one-time transactions.

This is the first time that Microsoft has been valued this highly since 2000, during the technology bubble. However, even its stock price at that time would equate to just $40 per share today if adjusted for inflation. A Microsoft spokesman said in a statement: “Continued strong demand for our cloud-based services and devices drove our results this quarter.”

In a statement, Microsoft CEO Steve Ballmer said: “I see tremendous opportunity as we partner with users to transform the way they work and live through devices and services.” He also added that he is encouraged by the company’s cloud-computing business.

Mark Moerdler of Sanford C. Bernstein was quoted in The Wall Street Journal as saying: “Microsoft’s business seems to be doing quite well, which is probably making up for the lackluster PC market.” At least five brokerages raised price targets on Microsoft’s stock in response to its earnings report.

Given that Microsoft has been struggling lately with falling profits and slumping sales, this latest performance is being seen as an encouraging sign for the company.

Microsoft Corp. (NASDAQ: MSFT) has once again become the world’s most valuable company, worth well over $600 billion. The software giant reclaimed this title after several years in Apple Inc.’s (NASDAQ: AAPL) shadow. Microsoft shares hit the market Wednesday, March 20th trading at $100 per share which brought the company’s market capitalization to a staggering $610 billion. Apple shares dropped just 1 percent during the day, giving the company a total value of $523 billion.

Why Microsoft Again Became the World’s Most Valuable Company
Why Microsoft Again Became the World’s Most Valuable Company

In what was considered a very poor showing for the PC industry last quarter, Microsoft still managed to post strong profits and revenue growth in its fiscal first quarter. In what was the second consecutive quarter of positive revenue growth for Microsoft, it reported $23.22 billion in earnings and $24.7 billion in revenue.

that time would equate to just $40 per share today if adjusted for inflation

Despite the strong performance, Microsoft announced a significant round of layoffs during its first fiscal quarter and said that it would be restructuring its sales teams to sell its services as subscription packages rather than one-time transactions.

This is the first time that Microsoft has been valued this highly since 2000, during the technology bubble. However, even its stock price at. A Microsoft spokesman said in a statement: “Continued strong demand for our cloud-based services and devices drove our results this quarter.”

In a statement, Microsoft CEO Steve Ballmer said: “I see tremendous opportunity as we partner with users to transform the way they work and live through devices and services.” He also added that he is encouraged by the company’s cloud-computing business.

Mark Moerdler of Sanford C. Bernstein was quoted in The Wall Street Journal as saying: “Microsoft’s business seems to be doing quite well, which is probably making up for the lackluster PC market.” At least five brokerages raised price targets on Microsoft’s stock in response to its earnings report.

Given that Microsoft has been struggling lately with falling profits and slumping sales, this latest performance is being seen as an encouraging sign for the company.


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Muhammad
By Muhammad

Muhammad Ali is a tech blogger and affiliate marketer with 3 years of experience. He has written over 50 articles in the past year, which have been published on various platforms such as Forbes, Entrepreneur, Inc., etc. Ali has also launched his own blog where he writes about topics such as SEO optimization and online marketing strategies for startups. His posts usually get shared by influencers within the industry, which helps him grow his following and attract more readers to his site.


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Why Microsoft Again Became the World’s Most Valuable Company Technology News

Why Microsoft Again Became the World’s Most Valuable Company

Microsoft Corp. (NASDAQ: MSFT) has once again become the world's most valuable company, worth well over $600 billion. The software...

By Muhammad