#cloud-revenue

#cloud-revenue

Alphabet's Q3 report shows a 15% growth driven by advertising and cloud revenues, despite ongoing concerns about its search business.

Alphabet saw a 15% revenue increase to $88.2 billion in Q3 2023, driven by cloud and search improvements fueled by AI.

Alphabet's third quarter earnings beat estimates significantly, driven by cloud and ad revenues.

Alphabet's third-quarter revenue reached $88.27 billion, up 15% YoY, exceeding Wall Street estimates and demonstrating strong growth in AI and advertising.

Alphabet's revenue in Q4 2023 increased by 13% to $86.3 billion

Net income for the quarter was $20.6 billion, up from $13.6 billion

Microsoft's search and advertising revenue increased by 18%, signaling consistent growth despite a slight deceleration compared to the previous quarter.

Microsoft's Office and cloud revenues continue to dominate, with Microsoft posting strong financial results.

Investors are monitoring Microsoft's revenue from AI investments and Windows OEM revenue, expecting growth post-2023 slump.

AI efforts boost Amazon, Microsoft, Alphabet's cloud revenue, contributing to Q1 earnings surpassing estimates.

Tech giants such as Alphabet and Microsoft are experiencing high costs in developing generative AI-powered products.

Investors were disappointed by the costs and expecting a bigger boost in sales from AI technology.

SAP's cloud revenue grew 25% in Q2 to €4.2bn, with Cloud ERP Suite revenue up 33% while software license revenue fell 27%.

SAP's cloud revenue grew by 20% to €13.66bn, driven by strong growth in SaaS and PaaS offerings.

SAP plans to focus more on AI as a key strategic growth area, both for its products and internal cost savings.