On Tuesday evening, two of the world's largest companies, Microsoft and Alphabet, presented their figures. Alphabet impressed with strong growth in the advertising business, while Microsoft remains overrated. The boom in artificial intelligence is not yet reflected much in the balance sheets.
Alphabet: Back on track!Advertising budgets are usually the first victims of a weakening economy. But not much of that can be seen at Alphabet ($129 | GOOG). The tech conglomerate increased revenues by seven percent to $74.60 billion in the second quarter of 2023. On the bottom line, net income rose from $16 billion to $18.38 billion. Earnings per share rose 19 percent to $1.44. Alphabet thus beat analysts' expectations quite significantly, who had expected consensus revenue of $72.8 billion and earnings per share of $1.32. However, expectations had been significantly reduced in advance. So far, there is little to be seen of the AI boom; investments are primarily ...
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