Microsoft, Google earnings shine as AI drives revenue

San Francisco: Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live.

The results were cheered by Wall Street investors who pushed up Alphabet’s share price more than 11 percent and Microsoft shares up nearly 4 percent in after-market trades.

Google parent Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising.