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Alphabet s cloud business disappoints, Microsoft s beats forecasts

Alphabet s cloud business disappoints, Microsoft s beats forecasts
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Microsoft sales beat estimates as customers prepare for AI rollout

By Yuvraj Malik, Stephen Nellis and Anna Tong (Reuters) -Microsoft on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, .

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Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback

Big tech companies are continuing a turnaround from last year, as Alphabet, Microsoft and Snap kicked off earnings season with strong sales results for the quarter ended in September.

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Google-parent Alphabet s cloud division misses revenue estimates, as Microsoft s cloud booms, ET Telecom

Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, the slowest growth since at least the first quarter of 2021. The cloud unit reported a operating income of $266 million, compared with an operating loss of $440 million a year ago. Wall Street expected cloud computing revenue of $8.62 billion.

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Alphabet share price: Alphabet shares tank 6% as cloud division misses revenue estimates; Microsoft s cloud booms

The drop in Google s share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and show the cloud business remains competitive against a more powerful Azure from Microsoft and Amazon.com s AWS.

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