Alphabet announced its first-ever quarterly dividend of twenty cents a share and added seventy billion dollars to its share buyback program, causing a twelve percent increase in share price after-hours.
Microsoft outperformed Google in the cloud and artificial intelligence battle, with Azure cloud revenue growing by thirty-one percent, driven by AI-related advancements, leading analysts to praise Microsoft's dominant position in the AI Revolution.
Alphabet also showed strong cloud revenue growth of twenty-eight percent, but lacked the specificity Microsoft provided in discussing AI contributions, as CFO Ruth Porat mentioned an 'increasing contribution from AI' without providing exact figures.
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