Google, Microsoft top expectations

By Agence France-Presse

Apr 27, 2023 12:07 am

SAN FRANCISCO, California: Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.

The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence (AI).

BOOST In this July 3, 2014 file photo, the Microsoft Corp. logo is displayed outside the Microsoft Visitor Center in Redmond, Washington. Microsoft and its rival Google report earnings on Tuesday, April 25, 2023. AP PHOTO

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