Microsoft and Alphabet closed the last three months with rising revenues but did not satisfy WallStreet, where their shares fell in after-hours trading.
For Mountain View, the below-expected increase in advertising revenues weighed, increasing by 11% while analysts expected +11.6%.
In the wake of the enthusiasm for artificial intelligence, the Redmond giant closed the second quarter of the fiscal year with revenues up 18% to 62 billion dollars and profits up 33% to 21.9 billion.
Azure, Microsoft's Cloud division, recorded an increase in revenues of 30% compared to the 29% of the previous three months and the +28% on which the market was betting.
“We have gone from talking about AI to applying AI at scale,” said CEO Satya Nadella, underlining that the application of artificial intelligence at every level “is winning us new customers and helping to drive productivity in every sector ".
In the last quarter of 2023, Alphabet, the holding company headed by Google, experienced a recovery in sales during the Christmas season, signaling a recovery in the digital advertising market.
Advertising revenues rose by 11% to 65.5 billion, slightly below the +11.6% expected by analysts.
Overall, Alphabet's revenues rose by 13.5% to 86.3 billion, above market expectations.
Reproduction reserved © Copyright ANSA