Microsoft and Google’s Q2 earnings reports highlight significant revenue and profit increases driven by their investments and advancements in AI technologies.
Big Tech giants Microsoft and Alphabet — the parent company of Google — unveiled their second-quarter earnings reports, showcasing impressive growth fueled by their strategic investments in artificial intelligence (AI).
The recent earnings reports released on April 25 painted a clear picture that the AI market is still booming and has played a significant role in driving growth while boosting product and financial performance.
Microsoft revealed a 17% increase in revenue, soaring to $61.9 billion, up from $52.9 billion in 2023. Additionally, the company saw a 20% surge in profits, reaching $21.9 billion, in both instances outperforming analysts’ forecasts.
