Prof G Markets · Monday, November 2, 2026
Microsoft shares jumped after reporting 19% year-over-year revenue growth and 48% growth in Azure, alongside disciplined capital expenditure. In contrast, Google shares dropped after reporting weaker-than-expected search revenue growth and negative free cash flow.
“Microsoft shares jumped as much as 5% after the company beat expectations with revenue up 19% year over year. It also disclosed Azure revenue in its earnings statement for the first time, revealing that its cloud business grew 48% from a year earlier.”
“Google shares meanwhile dropped for its worst market cap loss ever. That pain came despite reporting 25% revenue growth in the third quarter.”