google s parent company, alphabet, and microsoft have both unveiled quarterly report cards that beat expectations. alphabet shares jumped a little more than 1.5% in after hours trade, as the company announced that its quarterly revenue rose to more than $69 billion. that s 3% higher than the previous year. microsoft stock also got a boost in extended trading, up a smidge over 8.5%, with a quarterly revenue beat that was mainly driven by growth in its cloud computing businesses. of briefings at insider intelligence. some signs of resilience here? yes. although clyde either one or two caveats that. expectations have drops considerably in the last year so this is the type of growth that both of these companies would have been mortified by just a year ago and now expectations have dropped to the point that this is meeting the point that this is meeting the mega expectations of the market is a win. the mega expectations of the market is a win. there is a lot of chat right marke
Kind of perceived a little bit as asleep at the wheel. there done a lot of things in response, but it s been a little bit slow but i think that microsoft has almost been the sexier of the two companies in a few decades. in a few decades. that s true and turning in a few decades. that s true and turning our in a few decades. that s true and turning our attention - in a few decades. that s true and turning our attention to l and turning our attention to alphabet. it seems to be dragging significantly behind in terms of its cloud computing business. hasn t lost the fight? should look elsewhere or is it worth are still competing in this business because that will the growth is right now? it s one of those things that alphabet really has to compete in this area the simple reason is that any market share they don t go after, key competitors like amazon and obviously microsoft webex unit will take market share no matter what and other really has to protect themselves against weakness in
Its search advertising business which microsoft is going after now meaningful way for the first time in forever. youtube ad revenue has dropped so there is some softness there. you have to make it up somehow there is softness everyone it comes to advertising the alphabet. comes to advertising the alphabet- comes to advertising the alphabet. comes to advertising the alhabet. . ~ , ., alphabet. and marketers are very much alphabet. and marketers are very much experimenting - alphabet. and marketers are l very much experimenting with new platforms with the likes of tiktok with younger audiences. how does the future looks to alphabet? i don t want to say it is murky but it has been challenging in recent quarters when you look at the fact that there is a broader downturn and a meagre growth in that regard, and then you say microsoft is starting to eat into its ad revenue in a small way but it is going after them, then as you mentioned, people are searching and servicing products in so
Google s parent company, alphabet, and microsoft have both unveiled quarterly report cards that beat expectations. alphabet shares jumped a little more than 1.5% in after hours trade, as the company announced that its quarterly revenue rose to more than $69 billion. that s 3% higher than the previous year. microsoft stock also got a boost in extended trading, up a smidge over 8.5%, with a quarterly revenue beat that was mainly driven by growth in its cloud computing businesses. of briefings at insider intelligence. some signs of resilience here? yes. although clyde either one or two caveats that. expectations have drops considerably in the last year so this is the type of growth that both of these companies
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