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1. Alphabet revenue only +3% in Q1 FY2023, operating margin down to 25% with restructuring charges
Cloud was the segment with the highest growth, but even that has been slowing down
Operating income fell $2.7B, with $2.6B in severance, office restructuring charges
Alphabet stock -7% in the pre-market. - Google Finance
2. Microsoft revenue +13% to $56.5B in Q3, as operating margin +5 p.p. to 48%
Cloud revenue +19%, similar growth rate as Alphabet's.
Cloud, Azure, Office 365 Commercial led revenue growth, as Devices were the only drag
Microsoft stock +4% in the pre-market. - Google Finance
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