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April 25, 2019Once there were only Apple and Amazon last summer, while the other tech giant, Google, pursued the goal. To push Microsoft in the Olympus of the Stock Exchange the excellent results of the first quarter of 2019, obtained above all thanks to the rebound of Windows sales, the operating system of the Redmond company.Revenue jumped by 14%, well above the expectations of Wall Street analysts, reaching $ 30.57 billion, while forecasts were no more than $ 29.8 billion. In particular, significant revenue growth regarding Azure, Microsoft's cloud computing service.
The company's profits therefore stood at 8.8 billion dollars with an increase of 19%. The market reaction was not long in coming, with the title of Microsoft flown over 5% in New York, surpassing the fateful threshold of $ 130.50 per share which gave the company entry into the exclusive club of the richest in the world.
The stock has grown in value by 28% since the beginning of the year and by 41% in the last twelve months. According to analysts, Microsoft, like the other big tech companies, benefit from the return to a more prudent monetary policy by the Federal Reserve, the US central bank, an attitude that pushes investors towards technological stocks, considered more reliable and profitable. at a time of slowdown in the global economy.
In addition to Microsoft, Facebook also drags the Nasdaq on the day of trading, whose stock rises more than 7%. Google, Amazon and Apple look forward to the quarter's results.