Both Beat Expectations on earnings and revenue, thanks in no small part to investments in artificial intelligence. One Stand Out Spot for alphabet was google cloud revenue, whichjumped 28 in 01. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced some good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That initially sent shares into double digits after the bell. And for microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chatgpt. Shares rose on the news. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after metas stock fell after its own Earnings Report and after the market was rattled by slowing us gdp and stubborn inflation. In ot
Rattled wall street with disappointing forecasts, making it clear that the billions its spending on Artificial Intelligence could take years to pay off. Well, in the last few hours weve had news from two more tech giants that has certainly calmed those nerves. Microsoft, now the worlds most valuable company, and alphabet, which owns google, have both seen their profits jump thanks to demand for al. Lets show you the details. In the three months to the end of march, microsoft made almost 22 billion. Thats up 20 on this time last year and alphabet made more than 23 billion over the same period. Thats a jump of 57 on last year. Erin delmore has more from new york. Among the dozens of Companies Reporting First Quarter earnings on thursday, alphabet and microsoft took centre stage. Both Beat Expectations on earnings and revenue, thanks in no small part to investments in Artificial Intelligence. One Stand Out Spot for alphabet was google cloud revenue, whichjumped 28 in 01. A lot of Generati
That put this in perspective, the United States remain the largest market for chinese product of any country Around The World and our own Trade Relationship remains very significant, in fact, Trade Relationship remains very significant, infact, china is our Third Largest Trading Partner and after mexico and after american businesses and investors in shanghai there remains very strong interest in working in this market, provided that we a level Playing Field and a fair shot. When we do, we do very well. But when we are looking at the question of tariffs, measures etc, what were focused on its practices engaged in by china that are unfair and undermine our businesses and our workers and this question of overcapacity is the one that is front and centre. China is responsible for one third of Global Production but one tenth of global demand. So there is a clear mismatch and when you have products that are produced here and producing a way thatis produced here and producing a way that is hea
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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.