The world’s largest technology company is now on the same page as Apple as to its plans to become the world leader in digital services.
In a research report on Monday, Axios, a financial newsletter, said Microsoft (MSFT) has overtaken Google (GOOGL) as the world biggest tech firm, overtaking Google’s (GPRO) valuation of $US8.4 trillion.
The valuation of Microsoft is currently at $US1.7 trillion.
Microsoft is currently valued at $9.6 trillion and Google is valued at around $US6 trillion.
Axios said Microsoft’s revenue growth is the fastest in the world in terms of dollars, ahead of Google’s annual revenue growth of around $3.5 trillion.
“Microsoft’s revenue is increasing at the fastest pace since 2010, driven by a rapid expansion of its cloud platform, Azure, which it has deployed to nearly 80% of its servers, and its Office 365 cloud service, which provides more than 4.8 million Office 365 accounts and 2.3 million online content products,” Axios noted.
Microsoft CEO Satya Nadella has said he wants to make Azure the world center of innovation.
Axiom said the company has invested $US20 billion in Azure and has made $US100 billion in investments in other companies and cloud-based services.