Microsoft Tops $1 Trillion as It Predicts More Cloud Growth

Microsoft Tops $1 Trillion as It Predicts More Cloud Growth
Microsoft's Finnish headquarters in Espoo on May 25, 2016. VESA MOILANEN/AFP/Getty Images
Reuters
Updated:

Microsoft Corp. briefly topped $1 trillion in value for the first time this week after executives predicted continued growth for its cloud computing business.

The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk growth in its cloud business which has reached tens of billions of dollars in sales.