I didn’t want to miss earnings calls either. I’ll quickly run through them.
Microsoft has reported impressive financial results for the fourth quarter of its 2025 fiscal year, with revenue reaching $76.4 billion and a net income of $27.2 billion. This represents an 18 percent increase in revenue and a 24 percent rise in net income year-over-year. The cloud services segment continues to drive growth, with Microsoft Azure generating $75 billion in revenue for the fiscal year, marking a 34 percent increase. In addition to strong cloud performance, Windows and device revenues have also increased by 3 percent, supported by a refresh cycle due to the upcoming end of support for Windows 10. Microsoft has achieved a valuation of over four trillion US dollars, a milestone that comes alongside significant layoffs affecting approximately 25,000 employees, including around 9,100 in July alone.
Microsoft’s search engine Bing has successfully increased its market share at the expense of Google. Microsoft announced that its search and news advertising revenue rose by $1.6 billion, or 13 percent, in the last fiscal year, with a notable increase in search volume contributing to this growth. Comscore statistics reveal that Bing now holds 29 percent of the United States search market, a 2.1 percentage point increase since the launch of Bing Chat in February 2023. Meanwhile, StatCounter reports that Bing’s global search share has climbed to 11.6 percent, marking a 3.4 percentage point increase over the past two years, while Google has seen its worldwide share decline by 6.1 percentage points. Despite these gains, Bing still accounts for only 4 percent of the overall search market across all platforms, compared to Google’s nearly 90 percent dominance.
Amazon has exceeded expectations for its second-quarter earnings, reporting $167.7 billion in revenue, a 13% increase year-over-year, and net income of $18.2 billion, up from $13.5 billion last year. The company’s earnings per share also rose to $1.68, surpassing Wall Street predictions of $1.33. In addition to strong overall performance, Amazon Web Services generated revenue of $30.9 billion, reflecting a 17.5% year-over-year growth. The company plans to significantly increase its capital expenditures to over $100 billion in 2025, primarily to enhance its artificial intelligence capabilities within its cloud services.
Google’s public cloud business has reported a significant revenue increase, posting $13.6 billion for the second quarter of 2025, marking a $3.3 billion rise compared to the same period last year. Industry analysts have noted that Google Cloud, once a minor contributor to Alphabet’s earnings, has now become a major revenue generator with a 32% increase in earnings year-over-year.
Oh, and a hot tech IPO: Figma’s stock more than tripled during its debut on the New York Stock Exchange, opening at $85 after an initial public offering price of $33. The successful launch on July 31, 2025, marked a significant moment in the technology IPO market, which has seen renewed activity following a downturn since early 2022. Then Figma’s stock plunged 27% following its IPO, closing at $88.60 after starting at $122 just days earlier. Despite this drop, Figma reported a projected revenue increase of about 40% for the second quarter compared to the previous year, boasting consistent profitability unlike many recent technology companies that have gone public.
Why do we care?
Cloud and AI are still the money magnets. Microsoft crushes earnings, Azure’s up 34%, and Bing’s nibbling at Google’s market share— still tiny, but the direction matters. Bing’s integration with Copilot and Microsoft 365 means AI-driven search is becoming native to the Microsoft ecosystem your customers already live in. That’s not just about search—it’s a new front door to the productivity stack.
Amazon? $167 billion quarter, AWS up 18%, and they’re dropping over $100 billion on AI infrastructure. Google Cloud’s smaller but growing 32% year-over-year.
And Figma? Huge IPO pop, then a 27% drop—welcome to the new normal for tech hype. The market desperately wanted a tech pop, so it made one.
If you’re an MSP, the play’s obvious—follow the money. These giants are all-in on AI and cloud. Align your stack with where they’re investing, ride whatever Windows 10 upgrade wave is there, and when the shiny new tools come along—focus on making them actually work for clients, not just chasing the headline.