Microsoft’s market value topped $500 billion this week following a strong financial quarter than exceeded Wall Street expectations.
The company has not been valued this high since 2000. However, Microsoft remains behind Alphabet ($570 billion) and Apple ($642 billion) in market cap.
Microsoft revenue was $26 billion, lifted by the company’s cloud offering, Azure, whose revenue grew 93%.
The company has been performing well under the reigns of Satya Nadella, who took over as CEO in early 2014. In two years, Nadella has added nearly $200 billion to Microsoft’s market value.