Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes new life into the sector.
The company posted US$56.2 billion in sales, which also beat expectations, though the growth slowed from the previous quarter. Microsoft shares had lifted off last week when the company said it would charge US$30 extra per user to turbocharge its Microsoft 365 product — which includes Word, Excel and Teams — with AI powers.
"There's exciting momentum across our products and the company, which drove strong results this quarter," Alphabet chief executive Sundar Pichai said in an earnings release. "Our continued leadership in AI and our excellence in engineering and innovation are driving the next evolution of Search, and improving all our services," Mr Pichai said.
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