Analysts have predicted it 12 months ago, and today Microsoft delivered, hitting a valuation of more than $1 trillion in after hour trading after beating analyst expectations for their FY19 Q3 earnings.
A year ago Morgan Stanley’s Keith Weiss predicted the event saying:
“Strong positioning for ramping public cloud adoption, large distribution channels and installed customer base, and improving margins support a path to $50 billion in EBIT and a $1 trillion market cap for MSFT.”
Satya Nadella attributed the company’s good performance on its success in the cloud, saying:
“Leading organizations 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.”
Microsoft has however been seeing success in all their business divisions, with each of their 5 businesses showing double digit growth.
At its current share price of $130.50 Microsoft is once again the most valuable publicly traded company in the world, and the only one in the trillion dollar club.
Thanks Yair for the tip.