The cost of Microsoft exceeded $600 billion for the first time in 17 years
The market capitalization of Microsoft reached $600 billion Last time such a measure the company has reached during the «bubble dot-com bubble».
This time without the bubbles
At the close of trading on the NASDAQ high-tech October 19, 2017 the value of the Microsoft stock jumped by 0.4% and reached a record level of $77,92, while the company’s market capitalization broke through the $600 billion, told the financial Gazette MarketWatch, citing the analysts FactSet.
Capitalization of Microsoft at the time of the closing of the exchange was $601,1 billion Last time so highly the market value of the company, according to MarketWatch, jumped in 2000
FactSet analysts recalled that the last time the rating Microsoft were will exceed $600 billion on 3 January 2000. just after this on the market high-tech companies occurred financial explosion, which went down in history as «the bursting of the dot-com bubble».
Third place in the list of the most
The growth of Microsoft stock since the beginning of 2017 amounted to 25.4%. Capitalization of Microsoft, the stock index Standard & Poor’s 500 rose during this time by 14.4%.
Now Microsoft, according to FactSet, is its $600 billion third place in terms of capitalization among all the companies in the world. On the first line of this rating is Apple with a market capitalization of $800 billion, the second Alphabet, the parent company Google, with a market capitalization of $690 billion.
Next in fourth place is Facebook with a market capitalization of $507 billion, in the fifth Amazon.com $473,9 billion, and only on the sixth place there is not the first it company Berkshire Hathaway with a $462,4 billion.
Seventh place in Alibaba Group with a market capitalization of $452,5 billion, eighth at Johnson & Johnson from $381,2 billion, ninth from Exxon Mobil with $350,6 and closes the top ten JPMorgan Chase with a $346,8 billion.
Long live the cloud
Previously, Microsoft reported that revenue in the fourth quarter of fiscal 2017, reaching $of 6.51 billion, which is 109% more compared to the same period of the previous year when profit was $3.12 billion
At fiscal 2017 the net profit of the company amounted to $21.2 billion, showing annual growth of 26%. Revenue for the year reached $90 billion, which is 5% more than in fiscal 2016.
The CEO of the company Satya Nadella (Satya Nadella) explains the profit growth of the company’s success cloud business. Revenue Intelligent Cloud in the fourth quarter of fiscal 2017 reached $7.4 billion, showing annual growth of 11%.
Server products and cloud services that pertain to the unit, showed a quarterly revenue growth of 15%. In particular, sales of Azure services grew almost twice – up to 97%.
Microsoft expects growth in its cloud business to reach $20 billion already in 2018, while earlier forecasts about the achievement of this level it was only closer to 2020.