Microsoft and Google see earnings boom with combined quarterly revenues of over $110bn

A surge in cloud sales at two of the world's biggest public cloud vendors, Microsoft and Google, drove significant overall quarterly revenue increases as businesses continue to shift their workloads away from on-premise servers. Microsoft reported overall sales of $45.3bn for its Q1 2022, an increase of 22 per cent from the year before, with CEO Satya Nadella claiming that quarterly cloud revenue across the whole company had surpassed $20bn for the first time. Revenue in its entire Inte...