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Microsoft said on Tuesday that its business had remained strong in its most recent quarter despite pressure from a slowing economy, with a 7 percent increase in revenue and a 9 percent jump in profit. The company’s revenue was $52.9 billion, and it made $18.3 billion in profit in the quarter. Both exceeded Wall Street expectations. Microsoft’s cloud business — which includes Azure, its cloud co...

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts and in the same three month period that the company said it would lay off 12,000 staf...

Microsoft (MSFT) and Alphabet Inc. (GOOG, GOOGL) shares rose in after-market trading after Microsoft beat expectations for growth of its cloud segment and Alphabet authorized a share buyback while reporting a decline in ad revenue. Key Takeaways Microsoft announced earnings per share of $2.45 versus $2.24 forecast. Alphabet had momentum in cloud, but Youtube ad revenues fell again. No further...

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Shares of Microsoft Corp (NASDAQ: MSFT) are up 5.0% in extended trading after the tech behemoth reported solid results for its fiscal third quarter. Should you buy Microsoft stock? Also a positive was Azure – the company’s cloud-computing platform that grew 27% in the recent quarter versus 26.2% expected. The earnings print was more than sufficient for D.A. Davidson’s Gil Luria to reiterate his...

In the first quarter of 2023, Alphabet Inc., the parent company of Google, reported a slight decrease in Advertising revenue, while Search saw an increase of almost 2% YoY. Overall impressions. Overall, these results suggest a mixed performance for Google’s advertising platforms in terms of ad impressions. Even with all of the layoffs, Google has entered the first quarter of this year with near...

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At Tacoma Police Department headquarters on South Pine Street, where Chief Avery Moore has held the top job since 2021, portraits line the wall of the chief’s conference room. The faces of every police chief since the department’s inception in the 19th century stare back. One face is missing: David Brame, who left a permanent scar that wounded the department and the city. I never met Brame. It ...

Alphabet, Google’s parent company, returned to sales growth despite an advertising slowdown, receiving a boost from the popularity of its search engine after a slump that had sapped its earnings in recent months. The company on Tuesday reported revenue of $69.8 billion in the first three months of 2023, up 3 percent from a year earlier and beating analysts’ average estimate of $68.9 billion. Th...