Microsoft Management Talks Commercial Cloud and LinkedIn
For most of the year, it's been a close race for the title of the world's most valuable publicly traded company. Indeed, the leader has changed places numerous times. But in recent months, Microsoft (NASDAQ: MSFT) jumped well ahead of runner-ups Apple and Amazon. Today, the software giant boasts a market capitalization of $1.05 trillion. This means it's worth about $90 billion more than Apple and $154 billion more than Amazon.
The company's trillion-dollar-plus valuation, no matter how gargantuan it might seem, is well merited. Microsoft achieved stellar results in fiscal 2019 as revenue increased 14% year over year to $125.8 billion and operating income jumped 23% to $43 billion. In addition, the company's fast-growing commercial cloud business achieved an annualized revenue run rate of $44 billion by the end of the year.
To better understand the strong drivers for this tech stock, consider some of these key quotes from the company's fiscal fourth-quarter earnings call.
Source Fool.com
