- Microsoft Azure 29% revenue growth beats estimates
- Google Cloud revenue growth slows, misses estimates
- Alphabet shares drop 7%, Microsoft jumps 5%
Oct 24 (Reuters) – Google-parent Alphabet’s (GOOGL.O) cloud business suffered as long-time rival Microsoft’s (MSFT.O) took off in the September quarter, demonstrating early signs that the Windows maker’s investment in artificial intelligence was paying off.
Alphabet’s shares fell 7% in after hours trading on Tuesday. Microsoft’s rose 5%.
The drop in Alphabet’s shares, despite it