Microsoft, Alphabet Post Big Revenue Numbers but Mixed Market Results
Briefly

Microsoft reported better-than-expected financials and reached a $3 trillion market cap, but also announced layoffs in its gaming division.
Microsoft's recent earnings report comes after it made history last week by reaching a $3 trillion market cap, the second company to do so behind Apple. Unfortunately, the accolade was tainted by another round of layoffs that included nearly 2,000 cuts across the company's gaming division.
Alphabet's stock dropped more than 6% after missing ad revenue projections, but still beat expectations for overall revenue and profit in the fourth quarter.
Alphabet's shares slipped more than 6% in after-hours trading on Tuesday after the company missed advertising revenue projections. Still, Alphabet beat expectations on overall revenue and profit for the fourth quarter of 2023.
Read at Boardroom
[
add
]
[
|
|
]
more Tech industry Briefly
[ Load more ]