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Microsoft edges toward $1 trillion valuation, boosted by cloud business

Microsoft shares rose as much as 5.1 per cent Thursday morning in New York, briefly pushing its valuation across $1 trillion before pulling back slightly.

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Apple  |  Amazon  |  Stock

Courtney Dentch & Ryan Vlastelica | Bloomberg 



Satya Nadella, Microsoft
Microsoft CEO Satya Nadella. Photo: Dalip Kumar

Corp.’s cloud computing business fueled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients.

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First Published: Thu, April 25 2019. 19:18 IST

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