Microsoft and Google just posted record earnings
In the latest testament to the surging demand for cloud computing services, fuelled by the surge in AI adoption globally, both Alphabet and Microsoft have just reported record-breaking earnings for the most recent quarter.
Together, the pair account for nearly $5 trillion of the world’s economy, positioning them among the top four most valuable companies today.
Microsoft, the world’s most valuable company, with a market cap of $2.965 trillion, saw revenue soar to $61.9 billion in the last three months, representing a 17% increase compared to the same period last year. Operating income climbed an impressive 23% to $27.6 billion, with net income reaching $21.9 billion, accounting for a 20% increase.AI is pushing tech giants even higher
Driving the Redmond-based company’s figures was its thriving cloud division, which recorded revenue of $35.
