Microsoft shares surged after beating cloud estimates with 48% Azure growth, while Alphabet fell sharply following disappointing search advertising revenue and negative free cash flow.
The tape Prof G Markets · Oct 29
“Microsoft and Google both reported earnings yesterday, but investors had very different reactions to the results. Microsoft beat expectations with revenue up 19% year over year. The company also disclosed Azure revenue in its earnings statement for the first time, revealing that its cloud business grew 48% from a year earlier.”
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Prof G Markets · Microsoft Rises, Google Tanks: Why Investors Are Polarized On Big TechOct 29
The tech giant is offering voluntary buyouts for nearly a third of its global headcount alongside quarterly capital expenditures exceeding $50 billion.
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