Microsoft’s bets on generative AI boost Azure cloud business, as Alphabet’s Google Cloud disappoints

  • Microsoft’s revenue from the Azure cloud-computing platform grew 29 per cent in the September quarter, beating estimates
  • Sales growth of Alphabet’s Google Cloud ground to its slowest pace in at least 11 quarters, missing estimates

A Microsoft logo seen at the Mobile World Congress in Barcelona. Photo: AFP
Google parent Alphabet’s cloud business suffered as long-time rival Microsoft’s took off in the September quarter, demonstrating early signs that the Windows maker’s investment in artificial intelligence was paying off.

Alphabet’s shares fell 7 per cent in after hours trading on Tuesday. Microsoft’s rose 5 per cent.

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