As per a report in Investor's Business Daily this week, Microsoft had a market value of $753 Billion at the end of the day, nearly $14 Billion ahead in the race as compared to Alphabet. Only Apple and Amazon.com are worth more, at $922 billion and $788 billion, respectively. The swelling valuations have energized hypothesis as to which USA tech organization will be the first to come to a $1 trillion-advertise top.
The Azure cloud offering had 93 per cent revenue growth.
Microsoft's cloud-computing business is a piece of what has impelled its development.
While Google is also betting big on its cloud services, it has not proved as popular as Azure. This is further evidenced by the reorganization of the Windows division so that resources can be allocated to more profitable divisions at Microsoft. Nadella's approach, depicted as down to earth, can likewise be found in the choice to offer the cash losing Nokia, he said. Apple and Amazon occupy the first and second spots on that list.
2 climbers dead after fall from El Capitan in Yosemite National Park
The mountain is one of the best-known landmarks in the park and is considered a world-class challenge for rock climbers. No other information on the climbers or how high they were up on the sheer granite rock face was immediately available.
Tamil actress Sangeetha arrested for allegedly running prostitution racket in Chennai
She has worked as a character artiste in several movies and Unmai and Tamilselvanum Thaniyar Anjalum are notable among them. Along with Sangeetha, a person named Satish was also arrested from the resort who was also involved in running the racket.
Ariya Jutanugarn regains lead at US Women's Open in Alabama
The Australian shot a second straight 5-under 67 Friday at Shoal Creek, getting in her round before a weather delay. Jutanugarn stood in the fairway at the 72 hole and watched as Kim closed with a par to record a bogey-free, 66.
Microsoft and Alphabet closely compete for the third spot, and the former has managed to surge ahead for the first time in three years. In contrast, about 86 percent of Alphabet's revenue comes from Google ads.
As The Verge points out, Google generates around 90 percent of its revenue directly from advertising, and 60 percent of Apple's entire revenue is also attributable to iPhone sales which could see billions wiped from its valuation if sales slow.
While the stock prices of tech titans often track one another through dips and climbs, Microsoft's shares began to pull away in March.
Apple has been closing that elusive $1 trillion market value for quite some time, however Microsoft could catch up rapidly as analysts predict the company's cloud business to potentially double in the next few years. As of this writing, Microsoft stock is trading at just over $100, the first time it has crossed that threshold (via MSPU) since undergoing a series of stock splits in the 1990s.