NEW YORK: Microsoft Corp shares jumped to record levels on Thursday, with the company’s stronger-than-expected March quarter results lifting its market capitalisation “to US$1 trillion and beyond,” in the words of Morgan Stanley.
Analysts were broadly positive on the results, with most pointing to the rapid growth in Microsoft’s Azure cloud-computing business. UBS wrote that the results suggested that “there’s lots more opportunity ahead”, while Evercore ISI raved that Microsoft “should remain a stock for all seasons”.
