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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Over 3000 maternal deaths in past five years in Karnataka: CMO
Bengaluru, Dec 9: There have been over 3,350 maternal deaths in the last five years in Karnataka, the Chief Minister's Office said on Monday. The fatalities have been on the decline during this period, according to data issued by the government.
The CMO's releasing the data comes in the wake of a controversy surrounding the recent maternal deaths in the state's Ballari district.
The total number of maternal deaths in the past five years stands at 3,364. An analysis of the data reveals the highest number of maternal deaths occurred during Covid-19 when the BJP was in power.
In 2019-2020, 662 maternal deaths were reported, with the number rising slightly to 714 the following year. However, the figures have since dropped, with 595 deaths recorded in 2021-2022, 527 in 2022-2023, and 518 in 2023-2024.
As of November 2024, the number of maternal deaths in the state stands at 348. Karnataka's Maternal Mortality Ratio (MMR) during this period stands at 64 per one lakh live births, according to the data.
On Sunday, the Karnataka government established a four-member panel to investigate the maternal deaths at Ballari Hospital and other locations across the state.
Since November, the total number of maternal deaths in Ballari has reached five.
