Google’s advertising revenue reached $58.1bn and its cloud business grew to $8bn compared to $6.3bn the previous year’s same period. Meanwhile, Microsoft’s net profit rose 20% YoY to $20.1bn and sales hit $56.2bn. The market value of the two companies puts them on top, with Apple retaining its position as the most valuable company.
Microsoft, Google beat earnings expectations amid AI frenzy
Google’s advertising revenue reached $58.1bn and its cloud business grew to $8bn compared to $6.3bn the previous year’s same period. Meanwhile, Microsoft’s net profit rose 20% YoY to $20.1bn and sales hit $56.2bn. The market value of the two companies puts them on top, with Apple retaining its position as the most valuable company.