Platinum is back at record levels, as the company reported its first profit since 2012. 

The company posted its first quarterly profit in more than two years, with revenue surging 41% from a year ago to $2.7bn.

It also beat analyst expectations for $1.9bn in revenue, and reported that it expects its new technology to generate a $1bn profit in the fiscal year ending March 2019.

The stock rose 5.7% to $39.70 on Tuesday, and it rose 7.3% on Thursday, reaching its highest level since July 2012.

The company said it expects revenue to increase by 30% to 33% for the fiscal third quarter, and that its revenue growth will be driven by digital advertising and a strong presence in emerging markets. 

Its stock price has now climbed by more than 8,000% in the past year, compared to the broader market.

The technology giant has said it is targeting a $100bn (£60bn) revenue target for 2019, and has said the company will invest $250m in its research and development and new technologies, including the use of neural networks.

It also plans to invest $20bn in its global supply chain to reduce its carbon footprint.

The US is one of Platinum’s largest markets, accounting for nearly a quarter of the company’s total revenues. 

Platinum has previously reported profit on a quarter-on-quarter basis, and the company has seen its revenues double in recent years.

It has also recently said it will move into cloud computing, as it aims to replace the traditional business model with a more efficient and more cost-effective model. 

“Platinum is going to become a leader in the cloud, which we believe will lead to more efficient cloud computing,” said Jeff Giese, senior vice president of marketing at the company.

“It will also help us scale beyond our existing customer base.”

Platinum shares have risen on strong gains in the US and China, which have seen growth in the internet and e-commerce industries. 

In the fourth quarter of 2019, the company earned $1,835m in revenue from $4.3bn in revenues in the previous three years, and generated $6.2bn in net income, up from $1 billion in the fourth-quarter of 2016.

In the US, Platinum reported a revenue of $2bn and generated revenue of almost $2 billion in that period.

In China, Platinum earned $4bn in the last quarter and generated revenues of $1billion in the same period.

Platinum stock has risen by more then 8,300% in just two years and has now reached $39,700. 

It is not the first time the company achieved such a high stock price.

In the first half of 2018, the stock rose nearly 10,000%.

In the second half of 2019 the company rose almost 30,000%, while the market is still recovering from the financial crisis.