Google revenues jump, Microsoft posts loss

NEW YORK

Google and parent company Alphabet announced a rise in income and revenues in the first quarter, while Microsoft's balance sheet failed to impress investors.

Income at Alphabet was up 20 percent to $4.21 billion while revenues rose 17 percent to $20.26 Earnings per share rose to $6.02.

"We’re thoughtfully pursuing big bets and building exciting new technologies ... that position us well for long term growth," Ruth Porat, CFO of

Alphabet, said in a statement.

Meanwhile, Google's quarterly income jumped 21 percent to $6.27 billion.

The world's second-biggest company by market value had a 17 percent rise in revenues to $20 billion and advertising revenues increased 16 percent to $18 billion.

The balance sheet at Microsoft shows third quarter losses.

For the first three months of 2016, the company's net income fell 25 percent to $3.76 billion, revenues declined 5 percent to $20.53 billion, while earnings per share decreased to $0.47 from $0.61.