Microsoft is the second company in US history whose stock market value exceeded $2,000 billion dollars. Microsoft’s shares jumped 19 percent since the beginning of the year, and continue to grow, consequently beating Apple’s stock performance. However, not even this amazing result allowed Microsoft to overtake Apple’s market capitalization of a whopping $2.24 trillion. Only the largest oil company, Saudi Aramco, worth more than two trillion dollars, can compete with the American companies, though these days its market capitalization is estimated at around 1.9 trillion dollars.
But back to Microsoft, which investors are currently looking to the most expecting big revenue growth in the third quarter of this fiscal year. Microsoft has benefited from the coronavirus pandemic, as it was the main cause of the growing demand for Microsoft technologies and services.
The technologies that have made Microsoft the essential company in COVID times are Microsoft 365, Microsoft Office Suite, Microsoft Teams (for video conferencing), and Microsoft Azure. These apps were needed by many to move daily business affairs from the office to their own homes during the worst of the pandemic.