Positive

From Nasdaq: 2025-03-03 18:48:00

The 2024 Q4 earnings season is wrapping up, with most S&P 500 members having reported their results. The Mag 7, including Alphabet, Microsoft, and Amazon, were key players, especially in the cloud sector. Microsoft exceeded expectations with adjusted EPS of $3.23 and sales of $69.6 billion, while Alphabet saw EPS grow by 31%.

Microsoft’s Intelligent Cloud results, including Azure, showed a 19% increase in revenue to $25.5 billion, outperforming previous periods. Meanwhile, Google Cloud revenue for Alphabet was $11.9 billion, slightly below consensus estimates but still reflecting strong growth of 30% year-over-year. Amazon’s AWS results were a highlight, with EPS up 85% and sales increasing by 11%.

Overall, the 2024 Q4 earnings cycle has been positive for many S&P 500 companies, with strong growth and optimistic outlooks. The mega cloud players, Alphabet, Microsoft, and Amazon, all showed solid growth in their cloud segments. While some saw a mixed post-earnings reaction, the sector remains robust.



Read more at Nasdaq: Mag 7 Cloud Results: Good or Bad?