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Microsoft Joins Apple and Other Tech Giants in Exclusive $2 Trillion Club

Microsoft Joins Apple and Other Tech Giants in Exclusive $2 Trillion Club
The Siliconreview
24 June, 2021

Microsoft Corporation has scripted its name in the history books as the second US public company to reach a $2 trillion market value, in cloud computing and enterprise software will expand further in a post-coronavirus world. Its shares rose as much as 1.2 per cent in New York which was enough for the software company to join Apple Inc. as one of only two companies that is trading at a lofty value before closing pennies short of the mark at $265.51.

Microsoft has gained 19 percent so far this year, outperforming Apple and Amazon.com Inc. The company is expecting for a long-term growth for both earnings and revenue, and expansion in areas like machine learning and cloud computing. Its third-quarter results, released in late April, topped expectations that demonstrated strong growth across its business segments.

Microsoft is now focusing to become the largest seller of cloud-computing software, counting both its infrastructure and Office application cloud units. It is also the only one of the biggest U.S. technology companies that has so far evaded the recent wave of scrutiny from increasingly active American antitrust regulators by giving it a freer hand in both acquisitions and product expansion.