The tech giant exceeded the earnings expectations of the two analysts in the first quarter.
After the closing time on Tuesday, Alphabet and Microsoft showed their data for the first three months of this year.
For Google owner Alphabet, the quarter ends as follows:
According to data from market research firm Factset, analysts expect its revenue to be $51.4 billion and adjusted earnings per share to $15.70.
The company’s chief financial officer Ruth Porat (Ruth Porat) pointed out in the report that the increase in online consumer activity and the widespread growth of advertising revenue.
She is very satisfied with the development momentum of Google Cloud, the company’s fourth-quarter revenue was 4 billion US dollars.
In contrast, advertising revenue on Youtube accounted for $6 billion in revenue during this period. CNBC Pointed out that Youtube has always been one of the winners of social media in the corona crisis.
In Wall Street trading, Alphabet’s stock price rose about 4%.
CNBC quoted Refinitiv’s estimates that Microsoft’s total revenue in the last quarter was US$41.71 billion, US$680 million more than analysts’ estimates.
Calculated in krona, the total revenue is about 345 billion U.S. dollars.
Revenue is equivalent to 19% revenue growth. This is the company’s largest quarterly increase announced since 2018.
Earnings per share were $1.95, while analysts expected earnings per share of $1.78. Part of the increase is due to the increase in PC sales after Corona hit the supply side last year.
So far this year, the share has increased by 17%, but the after-sales share has declined after the release of the report.
Home office and cloud services have been designated as the driving force of the company’s development.