14 DAY TRIAL // Microsoft has laughed in the face of everyone last week and it revealed revenues of $18.5 billion (€13.3 billion) for the first quarter of fiscal year 2014, but the good news does not stop here for Redmond fans.
While the company’s operating income reached a record $6.33 billion (€4.5 billion), its share experienced a 7 percent increase last week, which boosted the company’s value to no less than $300 billion (€217 billion), according to a report by TechRadar.
The figures are still behind those of rivals from Google (over $300 billion / €217 billion) and Apple (over $600 billion / €434 billion), but it’s a sign that new products, including Windows 8.1 and Surface tablets, are performing a bit better, helping the tech giant continue its path to long-term profitability.
What’s more, Microsoft now has cash reserves worth $80 billion (€57.9 billion), which, according to the same source, is more than Google and Apple combined.