Microsoft and Google also suffer, but reassure Wall Street

The two American giants have reassured the financial markets. Goodpics – / Morad HEGUI / Mariakray –

Despite a slowdown in their growth, the two groups remain solid in their core businesses.

Wall Street breathed a sigh of relief. While an economic cocktail combining inflation, rising rates, rising dollar, shortages of components and difficulty in production chains did not bode well for the financial results of the major technology players, Microsoft and Google reassured the markets. Although their annual growth is slowing and they recognize difficulties, the two American groups have demonstrated that they remain solid on their core businesses: the cloud and advertising on search engines. Google thus displays a turnover of 69.7 billion dollars, up 13%, while Microsoft posted revenues of 51.9 billion dollars (+ 12%). But the net profit of the first fell by 13% while that of the second only increased by 2%.

Google thus recalled that the nature of its advertising activities has little to do with that of the social networks Snapchat and Twitter, which unveiled last week…

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