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Microsoft and Alphabet, the parent company of Google, have reported their earnings. Microsoft's earnings exceeded expectations, with a focus on AI boost and Azure cloud growth. The company's Q1 Intelligent Cloud revenue rose 19% YoY to $24.26B, with Azure and other cloud services revenue up 29% YoY. Microsoft reported earnings of $2.99 per share and revenue of $56.52 billion for its fiscal first quarter. The company's Azure growth was 28% in constant currency, and its Productivity Revenue was $18.59B. Microsoft's aggressive investment in AI is paying off, positioning the company as an AI frontrunner. Meanwhile, Alphabet's cloud division missed revenue estimates, causing its stock to drop significantly.
AI is proving to be a mixed blessing for big tech. While Microsoft benefited from its aggressive investment in the technology, Alphabet's cloud business suffered and failed to satisfy investors. More here: https://t.co/tw00wpDbtt https://t.co/nW1VHL1k4y
AI is proving to be a mixed blessing for big tech. While Microsoft benefited from its aggressive investment in the technology, Alphabet's cloud business suffered and failed to satisfy investors https://t.co/wVvZglVXXj https://t.co/PMZbHe4THo
AI is finally resulting in real growth for big tech https://t.co/FwZYquTWou by @alex
Alphabet's stock is having its worst day in a year after cloud revenue missed estimates https://t.co/YcMiHi5s7q
Microsoft Gets Another Leg Up on Google in AI Race #DisruptiveTech https://t.co/dpQBq0UCNj
Google-parent Alphabet's cloud business suffered as long-time rival Microsoft emerged as an AI frontrunner, largely due to its substantial investment into startup OpenAI. More here: https://t.co/tw00wpCDDV https://t.co/5yxazMJ8Jf
Despite a beat on the top and bottom lines for both $GOOGL and $MSFT, Alphabet is slumping after its cloud business fell short of estimates. @jimcramer, @carlquintanilla & @davidfaber discuss the cloud competition, generative AI & Shakespeare. https://t.co/u86gFQqdp2
Google-parent Alphabet's cloud business suffered as long-time rival Microsoft emerged as an AI frontrunner, largely due to its substantial investment into startup OpenAI https://t.co/wVvZglVXXj https://t.co/bWuh4GUS9j
Google Cloud Hits $8.4B In Sales As CEO Pichai Touts AI: https://t.co/lE8nmEqYWp Google Cloud revenue was up 22% from the same quarter last year. Alphabet stock sank 6% in after-hours trading Tuesday as cloud revenue came in slightly below Wall Street expectations. $GOOGL
Microsoft shares rise as Wall Street heralds 'strong execution,' wider AI rollout https://t.co/gip505gz6h
⚠️BREAKING: *ALPHABET SHARES DROP AS CLOUD MISS OVERSHADOWS BETTER-THAN-EXPECTED OVERALL RESULTS $GOOGL https://t.co/LUXZe0a58A
Microsoft’s edge in AI pays off while Google tries to catch up in the cloud https://t.co/l0ApsZYhcc
Alphabet shares drop as cloud miss overshadows better-than-expected overall results https://t.co/jjrUXyi3ZP
Microsoft is enjoying an AI boom, benefiting from aggressive investment in the technology, which includes backing ChatGPT maker OpenAI. More here: https://t.co/tw00wpDbtt https://t.co/2iTKIoTpfw
Microsoft is enjoying an AI boom, benefiting from aggressive investment in the technology, which includes backing ChatGPT maker OpenAI https://t.co/wVvZglVXXj https://t.co/PaGCW6MhZM
Microsoft’s Azure impressed where Google Cloud disappointed and the reason behind the divergence looks to be in artificial intelligence. https://t.co/jkMFfzLarQ
Fiscal first-quarter revenue at Microsoft's Azure cloud business rises 29%, while Google Cloud revenue misses forecasts. Boeing, Meta Platforms, and IBM are scheduled to report earnings Wednesday. https://t.co/HKvctPT2sR
Google-parent Alphabet's cloud business suffered as long-time rival Microsoft's took off in the September quarter, demonstrating early signs that the Windows maker's investment in artificial intelligence was paying off https://t.co/wVvZglWvMR https://t.co/tSc6KpNgib
Google’s ad business beat expectations but Cloud miss knocks stock in after-hours trading https://t.co/sIjTsvzsGp
$MSFT was up 4% AH after reporting strong 1Q24 earnings with Azure growth of 28% in constant currency vs est 26% Microsoft Q1 24 Earnings: - Rev $56.5B (est $54.5B) - EPS $2.99 (est $2.65) - Intelligent Cloud Rev $24.26B (est $23.61B) - Productivity Rev $18.59B (est $18.29B) https://t.co/6ErEVmB2pX
$MSFT was up 4% AH after reporting strong 1Q24 earnings with Azure growth of 28% in constant currency vs est 26% Microsoft Q1 24 Earnings: - Rev $56.5B (est $54.5B) - EPS $2.99 (est $2.65) - Intelligent Cloud Rev $24.26B (est $23.61B) - Productivity Rev $18.59B (est $18.29B) https://t.co/ka2GUdxkkf
Microsoft's AI bets boost cloud business, Alphabet yet to find silver lining https://t.co/bcwoWjnd5b https://t.co/AvudI2X91R
High-powered panel of experts from Microsoft, Google and Salesforce discuss AI’s future impact https://t.co/9QWNxXEr27
Microsoft Earnings: Stock Soars As AI Drives Record Revenue Again https://t.co/X3TxRBfylC
Google-parent Alphabet's cloud division misses revenue estimates, as Microsoft’s cloud booms https://t.co/sQUsP49I7P https://t.co/4o7qFyUhSS
Google parent Alphabet profits grow on ads and cloud https://t.co/k60KzlQElK
Alphabet shares dive as Google cloud revenue weakens https://t.co/4oYwXVvUEm https://t.co/8imFoh55sx
Microsoft’s cloud business outperformed in FY24 Q1 https://t.co/OEha4bhxGT
Microsoft reports Q1 devices revenue down 22% YoY, Windows revenue up 5%, Xbox content and services revenue up 13%, search and news advertising revenue up 10% (@boddyzachary / Windows Central) https://t.co/EB9dwnvsy9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/2rAXtuKMgJ
⚠️BREAKING: *MICROSOFT Q1 RESULTS TOP ESTIMATES AS AZURE CLOUD BUSINESS SHINES https://t.co/DKT2qhM1o2 https://t.co/JXlN3C01OP
Microsoft’s unexpected rebound in Azure cloud growth lifts shares https://t.co/RrcDBMp1xh
Microsoft tops revenue and profit expectations as Nadella cites coming age of AI https://t.co/3z811BbVyh
EARNINGS: Microsoft reported earnings of $2.99 per share and revenue of $56.52 billion for its fiscal first quarter. https://t.co/YMRYdnz94l https://t.co/nCjMEHxovg
Microsoft reports Q1 Intelligent Cloud revenue up 19% YoY to $24.26B, vs. $23.49B est., with Azure and other cloud services revenue up 29% YoY, vs. 26% YoY est. (@jordannovet / CNBC) https://t.co/mxtuI2rITr 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/AZvADijvvy
Google parent Alphabet reported revenue and profit from its cloud business that missed analysts’ estimates https://t.co/Lg9iDMyHFR
Microsoft set to report earnings after the bell https://t.co/BOyIYtEZqz
Companies reporting earnings today after the close 👀 $MSFT $GOOG $GOOGL $SNAP $V $TDOC $TXN $WM
Microsoft earnings on deck with AI boost, Azure cloud growth in focus https://t.co/6V4vGvSTfG
Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growth #RoboticsAINews #AINews #AI #ArtificialIntelligence #AIAutomation https://t.co/MLlRRf2Rdx
The Street expects the parent of Google and YouTube to post sales of $76 billion, up 10% from a year earlier, with profits of $1.46 a share. https://t.co/8j0OVC9gT7
Microsoft shares have stalled as investors await a payoff from generative AI. https://t.co/fBXh6uYOXX
Earnings tomorrow: $MSFT Microsoft $GOOGL Alphabet $SNAP Snap, Inc. $V Visa $VZ Verizon $SPOT Spotify
Over 20 AI leaders, including Marc Andreessen, will appear at 2nd Senate AI Insight Forum tomorrow https://t.co/RQF4h5GWNe
Key Earnings Reports After the Close Tomorrow: Chubb $CB Alphabet $GOOG Microsoft $MSFT Snap $SNAP Visa $V For more details, start a trial at https://t.co/H4p1RcpfIn.
Some of the largest stocks that report earnings tomorrow Microsoft $MSFT Google $GOOGL Visa $V Coca-Cola $KO Novartis $NVS Danaher $DHR Texas Instruments $TXN Verizon $VZ General Electric $GE Raytheon $RTX NextEra $NEE Chubb $CB Waste Management $WM Sherwin Williams $SHW 3M $MMM… https://t.co/Y9ZVJHHYAQ