TECH - Unlike Alphabet That Seems Locked In The AI Battle Microsoft Shined With Its Quarterly Results | Benzinga
On Tuesday, Google-parent Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) and Microsoft Corporation (NASDAQ: MSFT) reported their quarterly results. While Alphabet disappointed Wall Street as its holiday-season advertising sales were short of expectations, Microsoft topped analyst estimates. On Wednesday, Microsoft also became the second-ever company worth $3 trillion, joining Apple Inc (NASDAQ: AAPL) with its value topping that of France’s GDP.
2024’s Fiscal Second Quarter
For the quarter ended on December 31st, Microsoft reported revenue rose roughly 17.5% YoY to $62 billion, topping analyst expectations of $61 billion. Net income grew 33% YoY to $21.9 billion, or $2.93 per diluted share, also topping Visible Alpha’s estimates of $20.6 billion or $2.77 per diluted share. Azure drove the overall cloud revenue up 20%, with personal computing revenue recording a 19% increase, while the productivity and business processes revenue grew 13%. Although Google also topped estimates with its Google Cloud revenue of $9.2 billion, Microsoft Azure grew faster ...