Alphabet and Microsoft have both exceeded analysts’ expectations for their Q2 2021 earnings, in part thanks to Google Cloud and Microsoft Azure growth.

Microsoft, whose fiscal Q4 corresponds to the second calendar quarter of the year, posted revenues of $46.2 billion (£33.1bn) in the period, a growth of 21% compared to the year-ago quarter.

Meanwhile, Alphabet reported an impressive 62% revenue increase from $38.3bn (£27.4bn) in Q2 2020 to $61.9bn (£44.3bn) in the...