TNB Tech Minute: Microsoft Gets Boost From the Cloud

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.3 • 1.7K Ratings

🗓️ 30 January 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: Google sees a sales rebound. Digital payments company Block, parent of Square and Cash App, cuts jobs while Paypal plans layoffs. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:27.0	Here is your Tn B Tech Minute for Tuesday, January 30th.
0:32.0	I'm Alex Oscela for the Wall Street Journal. Growth in its cloud
0:35.8	business pushed Microsoft's revenue higher last quarter. In earnings reported
0:40.1	today, the company posted $62 billion in revenue for the December quarter.
0:44.9	That was up 18% from a year earlier and above analyst's estimates for 16% growth.
0:50.2	The company's cloud computing business grew 30%, driven by ongoing interest in Cloud AI services.
0:56.0	Microsoft has been leaning into Cloud AI as part of its partnership with Open AI, the company behind ChatGPT.
1:05.0	Alphabet, the parent company of Google of Google reported its fourth straight quarter of accelerating sales growth.
1:08.0	Revenue was up more than 13% from the same period last year.
1:12.0	Google sales rebounded strongly in the fourth quarter. 13% from the same period last year.
1:12.6	Google sales rebounded strongly in the fourth quarter,
1:15.1	a sign of renewed spending in the digital advertising market.
	...

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