Microsoft's stock market value has topped $1tn for the first time as Wall Street cheered better than expected results for the US software giant.The three tech giants have taken turns in recent months to rank as the world's most valuable US-listed company.
Microsoft pulled ahead of Apple following third quarter results published after the close of trading on Wednesday evening. It was up sharply when trading opened on Thursday though some of the gains later faded and it slipped back below the $1tn-mark.Microsoft chief executive Satya Nadella has shifted focus towards cloud computing
Under chief executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Its flagship cloud product Azure competes with market leader Amazon Web Services to provide a computing platform for businesses. Microsoft also operates the Outlook 365 email service.
Congratulations Microsoft