On January 29 the software manufacturer #Microsoft (#MSFT) released а strong financial report for the last quarter. The company announced growth of all key indicators: revenues increased by 14%, operating profit - by 35%, net profit - by 38%, earnings per share - by 40%. In recent years, Microsoft's primary source of revenue is the cloud-based business unit. In the last three months, revenue from this segment has jumped 39% (to $12.5 billion with total revenue of $36.9 billion).
Microsoft shares have risen 63% over the last 12 months - almost twice as fast as #NASDAQ Composite Technology Growth over the same period.
The quarterly report released after the end of the main trading session in the US may contribute to a further rise in the shares. MSFT rose 4.1% overnight. Shares closed up 1.6% to $168.04, hitting a record high. MSFT boasts a market cap of $1.28 trillion. Microsoft stock is a long-term leader, outperforming the S&P 500 for the past five years.
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