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Transcripts For BBCNEWS World Business Report 20240706

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

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Transcripts for BBCNEWS World Business Report 20240604 04:33:00

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

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