Microsoft, Alphabet see revenue jump in Q2

ANKARA

Technology giants Microsoft and Alphabet saw their revenue increase in the second quarter of the year, according to financial results released on Tuesday.

Microsoft’s revenue was $51.9 billion in the April-June period, a 12% increase from the same period of last year.

“Commercial bookings grew 25% and Microsoft Cloud revenue was $25 billion, up 28% year-on-year,” Amy Hood, executive vice president and chief financial officer, said in a statement.

Net income was $16.7 billion in the second quarter, rising 2% from the same period of 2021.

Google’s parent company Alphabet posted revenue of almost $69.7 billion, a gain of 12.6%.

Its net income, however, decreased 13.5% to $16 billion.

Sundar Pichai, CEO of Alphabet and Google, said in a statement that the company’s Q2 performance was driven by search engine and cloud technology.

Alphabet’s stock price was up almost 4.5% to $109.72 per share in pre-market trading on the Nasdaq at 8.22 a.m. EDT on Wednesday.

The stock price of Microsoft was up 3.6% to $251.90 per share at the same time.