MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Breakthrough: Microsoft Outwits Google in Market Value for the First Time in 3 Years

Breakthrough: Microsoft Outwits Google in Market Value for the First Time in 3 Years

Microsoft passed Google parent Alphabet in market capitalization for the first time in three years on Tuesday, reflecting the company’s continued surge as it invests heavily in cloud and AI technology.

According to a report appeared on CNN, Microsoft was valued at more than $753 billion after Tuesday’s market close, just above Alphabet’s $739 billion. Its stock price is now at $98 per share, up 40 percent in the past year. It now trails Amazon ($782 billion) and Apple ($924 billion) for the title of most-valuable tech company in the world.

Business is booming for the Office 365 software suite and the Azure hosting business. Microsoft’s sales and profits are expected to grow at a rate of more than 10 percent for the next few years, impressive for a company of Microsoft’s size, the report added.

In addition to the push to cloud versions for Office and other popular Microsoft business software, Nadella also has made a big investment in social media with the $26 billion deal for LinkedIn in 2016.

In the same year, Microsoft established the AI and Research Group. The group grew from 5,000 people to 8,000 in its first year. In March this year, Microsoft reshuffled its engineering divisions to focus even more on AI and cloud computing, GeekWire reported.

Several analysts think the positive momentum will continue for Microsoft, predicting the company will reach a $1 trillion market value before its tech rivals, the technology news website reported.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED