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Stockreport

Microsoft's cloud revenue growth disappoints investors, shares drop 2% [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended ?trading. Revenue at the company's Azure cloud-computing unit jumped 40% in the period, slightly faster than the 39% growth in the previous ?three months. That was in line with a consensus estimate of 40%. Smaller rival Google Cloud posted a 63% rise in revenue that blew past estimates for 50.1% growth. Alphabet ?shares surged more than 4%. "With Google blowing past revenue and earnings expectations, and big questions around Microsoft's spending on AI infrastructure, the market wanted to be wowed to be reassured, and the numbers didn't deliver," said Rebecca Wettemann, CEO of Valoir, an industry analyst firm. For Microsoft, "It's not a blow-away quarter, which is probably what they needed to get the stock moving in the right direction and to be a catalyst," said Melissa Otto, head of ?research at S&P Global Visible Alpha. Microsoft's sluggish a [Read more]
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Stockreport

Microsoft's cloud revenue growth disappoints investors, shares drop 2% [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended ?trading. Revenue at the company's Azure cloud-computing unit jumped 40% in the period, slightly faster than the 39% growth in the previous ?three months. That was in line with a consensus estimate of 40%. Smaller rival Google Cloud posted a 63% rise in revenue that blew past estimates for 50.1% growth. Alphabet ?shares surged more than 4%. "With Google blowing past revenue and earnings expectations, and big questions around Microsoft's spending on AI infrastructure, the market wanted to be wowed to be reassured, and the numbers didn't deliver," said Rebecca Wettemann, CEO of Valoir, an industry analyst firm. For Microsoft, "It's not a blow-away quarter, which is probably what they needed to get the stock moving in the right direction and to be a catalyst," said Melissa Otto, head of ?research at S&P Global Visible Alpha. Microsoft's sluggish a [Read more]
IMPACT SNAPSHOT
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GOOG
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Performance comparison Updated
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
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