Both Microsoft and Google have issued strong quarterly results driven by a healthy increase in revenues of their respective cloud computing divisions.
Microsoft Cloud generated $20.7 billion in revenue for Q3 2021, which is an year on year increase of 36%, driven by a 50% growth in Azure and other cloud services revenue.
Similarly, Google Cloud revenues neared $5 billion thanks to a 45% jump, while operating loss narrowed to $644 million from $1.21 billion a year ago.
“As the digital transformation and shift to hybrid work continue, our cloud services are helping organizations collaborate and stay secure,” observed Sundar Pichai, CEO of Alphabet and Google, though the same holds true for Microsoft and Azure as well.
