By Proactive
Publication Date: 2026-10-29 04:47:00
Microsoft emerged as one of the strongest performers from the latest round of Big Tech earnings after reporting quarterly revenue of US$92.3 billion, up 19% year-on-year, with its Azure cloud business accelerating sharply.
Azure revenue climbed 48% to US$33.2 billion as demand for artificial intelligence computing continued to expand.
Microsoft shares rose more than 3% in after-hours trading as investors responded positively to strong cash generation alongside continued heavy spending on data centres and AI infrastructure.
Alphabet punished despite rapid growth
Alphabet delivered much faster headline growth but received a very different market reaction.
The Google parent reported quarterly revenue of US$127.6 billion, up 25%, while Google Cloud revenue doubled to US$30.7 billion.
…
