The US software giant passed the mark briefly on Thursday before its share price fell back.
It makes it one of only three public firms to have hit the $1tn mark, the others being Apple and Amazon.
Microsoft’s stock has climbed by about a third in the past year, helped by the growth of its cloud business.
On Wednesday, the firm said revenue rose 14% to $30.6bn in the fourth quarter, thanks to more cloud growth and an unexpected boost for its software.
et profit surged 19% to $8.8bn.
It continues the strong performance seen under boss Satya Nadella, who has spent the past five years trying to lessen the firm’s reliance on its once-dominant Windows operating system.
Apple and Amazon hit the $1tn mark for the first time last August and September respectively, but both fell back towards the end of the year amid a downturn on global markets.
PetroChina was briefly worth about $1.1tn after floating in Shanghai in 2007, although most of its shares were held by the Chinese government. It is now worth about $200bn.
While the $1tn milestone garners headlines, Microsoft executives have dismissed its importance in the past.
“This is a metric that nobody on the senior leadership team is tracking,” Chris Capossela said at an event last year.
“Nobody is sitting around high-fiving when the stock hits some new high.”
—
Credit: BBC
