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Technology

Posted on July 23, 2018 by staff

Microsoft’s value reaches all-time high

Technology

Microsoft鈥檚 shares are at an all-time high after a bumper increase in quarterly revenue.

Revenue in the three months to June 30th increased 17 per cent to $30.1 billion compared with the same period last year.

The firm鈥檚 commercial cloud revenue has grown 53 per cent year-on-year to $6.9bn.

After the announcement the tech giant鈥檚 share price rose five per cent on Friday, adding 拢23bn to a valuation which now stands at 拢633bn.

鈥淲e had an incredible year, surpassing $100bn in revenue as a result of our teams鈥 relentless focus on customer success and the trust customers are placing in Microsoft,鈥 said CEO Satya Nadella.

鈥淥ur early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation.鈥

Microsoft鈥檚 value has more than doubled since Nadella took the helm in 2014.

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