Microsoft Share Price Hit another Record High

Microsoft shares rose at the end of Saturday's trading by 0.15 percent at $ 136.62 after closing at $ 139.70, the highest in its history.

The American multinational technology company's profit rose nearly 50 percent in the fourth quarter this year to surpass analyst estimates.

Revenue from cloud services also rose 19 percent to lead the company to a $ 33.71 billion rise in total revenue.

Microsoft expects revenue of $ 31.7-32.4 billion in the next quarter, compared to estimates of $ 32 billion.

[caption id="attachment_66796" align="aligncenter" width="644"] A chart displaying Microsoft's stock price[/caption]

Microsoft stock was traded on Friday at $140.20 a share. The price signifies a year-to-year gain of about 38 percent.

In the meantime, gains supported Microsoft's market value to remain the largest among US companies at $ 1.05 trillion.