Microsoft surpasses Alphabet to become 3rd most valuable firm
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San Francisco, May 30: Microsoft has surpassed Alphabet, the parent company of Google, in the market capitalisation for the first time in three years, becoming the third most valuable firm after Apple and Amazon globally.
According to a report in Investor's Business Daily late Tuesday, Microsoft had a market cap of $753 billion at the close of trading, almost $14 billion ahead of Alphabet.
Apple leads with a market cap of nearly $924 billion and Amazon is at distant second, with nearly $783 billion.
The credit for Microsoft's rise goes to its CEO Satya Nadella who has been strategically restructuring the company towards Cloud and Office offerings.
Driven by consistent growth in its Office and Cloud solutions, Microsoft posted a revenue of $26.8 billion and net income of $7.4 billion in its third quarter that ended on March 31.
"We are innovating across key growth categories of infrastructure, AI, productivity and business applications to deliver differentiated value to customers," Nadella said.
Office commercial products and Cloud services revenue increased 14 per cent -- driven by Office 365 commercial revenue growth of 42 per cent.
The Azure cloud offering had 93 per cent revenue growth. Revenue in Productivity and Business Processes was $9 billion and increased 17 per cent in the quarter.
Microsoft now has over 135 million active Office 365 business users, with 30.6 million Office 365 consumer users.
Revenue in Intelligent Cloud was $7.9 billion and increased 17 per cent.
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Special prayers offered at mosques across Karnataka for well-being of Indian armed forces
Bengaluru, May 09 (PTI): Special prayers were offered at mosques across Karnataka on Friday for the well-being of the Indian armed forces against the backdrop of the military conflict between India and Pakistan.
Mosques that come under the jurisdiction of the Waqf Board, as well as other mosques offered prayers.
"In these tough times, we stand with our country. We support our Prime Minister (Narendra Modi), our Home Minister (Amit Shah) and stand with the government. We offered special prayers today at all the mosques across the state for the well-being of our Indian armed forces, their families and the people of this country.
"May Allah give success to our armed forces in their mission," Mufti Mohamed Maqsoon Imran, Chief Imam of Jamia Masjid, Bengaluru, told PTI.
The move came a day after Karnataka Waqf and Minority Affairs Minister B Z Zameer Ahmed Khan wrote to the Chief Executive Officer of the Waqf Board to organise special prayers at mosques across the state for the well-being of Indian soldiers who took part in 'Operation Sindoor' carried out to avenge the Pahalgam terror attack.
Recently, special prayers were organised for the armed forces in all temples under the Karnataka Hindu Religious Institutions and Charitable Endowments Department, on the instructions of Endowment Minister Ramalinga Reddy.
#JaiHind 🇮🇳 pic.twitter.com/1MXdeAJCDZ
— B Z Zameer Ahmed Khan (@BZZameerAhmedK) May 9, 2025
