New Delhi, April 25 -- Microsoft stock hit $1-trillion mark after the company announced impressive third quarter results, riding on the success of its Azure Cloud as big enterprises moved to Azure infrastructure.
The company posted revenue of $30.6 billion (an increase of 14 per cent from the year-ago quarter) and net income of $8.8 billion (an increase of 19 per cent).
Microsoft shares climbed past $130.50 at the end of trading on Wednesday, pushing the company's market cap over $1 trillion.
"Leading organisations of every size in every industry trust the Microsoft cloud.
"We are accelerating our innovation across the cloud and edge so our customers can build the digital capability increasingly required to compete and grow," said Micro...