The two tech giants have reported more overall revenue in the latest quarter than expected by analysts - although growth at Google's cloud computing division slowed and did less well than forecast.
Both Microsoft and Google's parent company, Alphabet, have both reported higher than expected revenue in their latest quarterly results. Microsoft recorded revenue in the three months to the end of September of $56.5bn , a 13% rise on the same period last year and better than the $54.5bn predicted by analysts. It credited the strength of its cloud computing and PC businesses for the rise. Meanwhile, Alphabet's revenue for the same three-month period was $76.
The results revealed that revenue from Microsoft's Intelligent Cloud unit, which houses its Azure cloud-computing platform, grew to $24.3bn - also better than expected. While Microsoft is still developing many of its AI services, commentators expect Azure will play a key role. The company has also secured an early march on its rivals by investing in startup OpenAI, owner of the popular ChatGPT chatbot service. Jesse Cohen, a senior analyst at Investing.
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