Cloud Investments a Drag on Earnings for Google, Microsoft

Google and Microsoft earnings disappointed analysts in the most recent quarter, with at-least some of the sluggishness blamed on their huge cloud investments. Big bets on cloud computing initiatives appear to be dragging down the near-term earnings of a couple of tech giants. Microsoft and Google parent, Alphabet Inc., reported earnings that left Wall Street underwhelmed Thursday, and analysts suggested the cloud businesses were at least partly to blame for the sluggish performance. To be clear, both companies appear in excellent health and neither showed any sign of taking its foot off the gas in the race for cloud computing dominance. As with any bet, the companies expect the investments to pay off handsomely in the long run. Microsoft’s Intelligent Cloud segment, which includes the Azure cloud platform, saw…

Link to Full Article: Cloud Investments a Drag on Earnings for Google, Microsoft

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