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Microsoft can rely on its cloud services: The Azure platform, which provides storage space on the network, achieved a 46 percent increase in sales
Photo: Fred Prouser / REUTERS
Google parent Alphabet is feeling the reluctance of advertisers in the face of the global economic slowdown.
In the first quarter, revenues climbed by 23 percent to $68.01 billion, as the world's largest search engine provider announced on Tuesday after the US stock market closed.
However, analysts had expected more in terms of sales and profits.
Operating profit increased more than a fifth to just under $20.1 billion.
Alphabet shares fell more than 6 percent in after-hours trading.
Especially during the pandemic, Google had benefited from the online boom and the associated advertising revenue.
No other company in the world sells as many ads on the internet as Google.
The so-called "other bets," which include the development of self-driving cars and delivery drones, for example, saw sales surge year-over-year from $198 million to $440 million.
The operating loss of the range remained thereby with approximately 1.15 billion dollar nearly stable.
At Microsoft, the quarterly figures were slightly above the expectations of the experts.
A strong cloud business has helped the software giant generate significantly more revenue in the most recent quarter.
In the three months to the end of March, revenues increased by 18 percent compared to the previous year to 49.4 billion dollars (46.4 billion euros), as the company announced on Tuesday after the US stock market closed.
The bottom line is that Microsoft earned $16.7 billion, eight percent more than a year ago.
The stock initially responded after the trading session with slight price gains.
The computer group can continue to rely on its cloud services.
The Azure platform, which provides many other companies and apps with IT services and storage space on the network, achieved a 46 percent increase in sales.
The career portal Linkedin, which has belonged to the group since 2016, increased its revenues by 34 percent.
Business involving the Xbox game console and hardware products such as »Surface« tablets also recorded significant growth.
jso/Reuters/dpa