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Microsoft Became the 2nd US Firm to Join $2 trillion club

Abdul Kadir Khan by Abdul Kadir Khan
October 11, 2021
in News
Reading Time: 2 mins read
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Founded in 1975, Microsoft received immense popularity due to its Windows operating system and Office software. But, on Tuesday, it joined the $2 trillion club in terms of the market cap due to its cloud computing software. Currently, Microsoft is the largest seller of cloud-based solutions.

Microsoft Reaches $2 Trillion Mark

Satya Nadella, the CEO of Microsoft, has taken the firm to new heights since his joining in 2014. Due to his extraordinary efforts, Washington based software giant has become the worldwide leader in cloud computing software, counting both its infrastructure and Office application cloud units

On Tuesday, the firm created history when its market cap touched $2 trillion. Microsoft is the second US public firm to surpass the magical number. Apple, the second US firm with over $2 trillion market cap, is the valuable company in the world. Microsoft shares achieved this height due to its dominance in cloud and enterprise based solutions.

On Tuesday, Microsft share value surged by 1.2% to reach the $2 trillion mark. But later, its share saw a slight decline to close at $265.51. Saudi Aramco is another public listed firm that reached a $2 trillion valuation in 2019. But currently, it has a $1.9 trillion market cap.

2021 has been a good year for Microsoft. The software giant saw a 19% surge in its market value during the pandemic hit year. In terms of current year growth, it left Apple and Amazon also behind.

Exponential Growth of Microsoft in Recent Years

Co-founded in 1975 by Bill Gates and Paul Allen, Microsoft established itself as the leader in the software industry based on a personal computer. The firm is also known as the founder of PC based software sector. Microsoft Windows and Office are the two major PC based software that is still ruling the market. In the 1990s, it got more popularity due to internet browsers like Netscape

Overall, it took 33 years to reach a $1 trillion market cap in 2019. In the next three years, Microsft added another $1 trillion to reach the $2 trillion mark. And as per financial experts analysis, it will grow further due to the more dependence on the automated system.

Talking about Microsoft growth, Hilary Frisch, senior research analyst at Clearbridge Investments said:

“Microsoft “has its hands in a lot and it is doing it all well: gaming, cloud, automation, analytics, AI. It is an attractively valued name within tech, and it should benefit from both the economy reopening as well as from a more pronounced shift toward the cloud.”

Logan Purk, an analyst at Edward Jones, also praised Microsoft a lot. He said:

“Microsoft checks all the boxes: it is in the markets that investors favour, it offers strong and sustainable growth, and it remains very well-positioned to capitalize on the long-term secular trends we see in technology. A $2 trillion valuation “is warranted, given how it has pivoted toward the cloud, and it remains attractively valued even given the strong performance.”

It is not just a few Analysts who have trust in Microsoft. As per Bloomberg research, 90% of analysts recommend investment in Microsoft.

Tags: Microsoft
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Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

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