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home / news releases / MSFT - This Is What Google And Microsoft Hint About Amazon's Q1 Earnings

MSFT - This Is What Google And Microsoft Hint About Amazon's Q1 Earnings

Microsoft Corporation

2024-04-29 21:10:11 ET

Summary

  • Google and Microsoft's strong earnings reports and bullish outlook indicate positive trends for Amazon's earnings.
  • Google's growth in ads and cloud services, as well as its revenue backlog, suggest a positive outlook for Amazon's advertising and AWS businesses.
  • Microsoft's growth in Azure and advertising revenue also bodes well for Amazon's cloud and advertising segments.

Amazon Earnings

Last week, Alphabet ( GOOG , GOOGL ) and Microsoft ( MSFT ) saved the market after it had started moving south after a stellar quarter. Blow-out earnings excited investors, who bid both companies up 10 and 5 percentage points, respectively.

Both reports and earnings calls were extremely interesting and bullish, leaving investors impressed that AI is, of course, only in its early stages....

For further details see:

This Is What Google And Microsoft Hint About Amazon's Q1 Earnings
Stock Information
Company Name: Microsoft Corporation
Stock Symbol: MSFT
Market: NASDAQ
Website: microsoft.com
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