Microsoft and Alphabet Earnings: Battle for Search Supremacy Begins – Nasdaq
Both Microsoft MSFT and Alphabet GOOGL posted positive earnings reports Tuesday, beating analysts’ estimates. Admittedly, analysts had rather tepid expectations for the tech giants as GOOGL beat with just 3% YoY growth in sales, and MSFT with 7% YoY sales growth, its first single digit percent gain in years.
Both stocks have been performing extremely well with GOOGL +17% YTD and Microsoft +24%. These strong performances come off the back of a very challenging 2022 where MSFT was down nearly -40% off its all-time high and GOOGL was down -45%. Nonetheless, as two of the premier companies in the world, both have outperformed the market considerably over the last five years.
Microsoft Earnings
Sales of $53 billion for the quarter was the highest reported quarter in the company’s history and beat analysts’ expectations of $51 billion. Microsoft has increased their revenues by a CAGR of 13% over the last 10 years, an enviable rate for one of the world’s largest companies.
Microsoft was…
The post Microsoft and Alphabet Earnings: Battle for Search Supremacy Begins – Nasdaq first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/04/26/microsoft-and-alphabet-earnings-battle-for-search-supremacy-begins-nasdaq_2023042644087.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.