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NEW YORK, United States --- Microsoft hit the trillion-dollar value mark Thursday for the first time, becoming the third technology giant to reach the symbolic milestone. Shares in Microsoft rallied some five percent to $130.59 in early Wall Street trade aMicrosoft tops trillion-dollar mark for first time
NEW YORK, United States --- Microsoft hit the trillion-dollar value mark Thursday for the first time, becoming the third technology giant to reach the symbolic milestone. Shares in Microsoft rallied some five percent to $130.59 in early Wall Street trade after a robust earnings report a day earlier. That gave Microsoft a market capitalization of just over $1 trillion, before dipping back slightly. At its current levels, Microsoft is the world's most valuable company, ahead of Apple and Amazon, which last year topped $1 trillion before slipping back. On Wednesday, Microsoft said profits in the quarter to March 31 rose 19 percent to $8.8 billion on revenues of $30.8 billion, an...Keep on reading: Microsoft tops trillion-dollar mark for first time Read more