In its most recent quarter, Microsoft reported $62 billion value of revenue, $27 billion value of operating income, and $21.9 billion value of net income. It also recently cut 1,900 jobs. Alphabet reported $86.3 billion value of revenue, operating income value $23.7 billion, net income of $20.7 billion, and an worker count that was down by nearly 8,000 in comparison with the year-ago period.
On one hand, two of tech’s best-known names just turned in results that put their operating profit at or across the $100 billion annual run rate mark. Alternatively, each have worked in recent periods to manage costs via layoffs. It was one of the best of times, it was the worst of times.
There’s the same vibe in startup-land, where enterprise capital totals are in decline and plenty of startups are stuck between funding rounds or between the private and public markets. At the identical time, there are a bunch of incredibly interesting upstart tech corporations constructing latest tools and services with or atop AI models which can be themselves rapidly advancing. It was one of the best of times, it was the worst of times.
