CEX NEWS reports that Google shares fell more than 7% after hours despite record revenue of $127.6 billion. Microsoft shares rose as much as 6% after hours, with record revenue of $92.3 billion. Google Cloud revenue doubled to $30.7 billion, but profits fell short of expectations. Google’s capital expenditure totaled $51.4 billion over three months. Microsoft disclosed Azure quarterly revenue for the first time: $33.2 billion, up 48%. Its commercial order backlog was $677 billion, up 73%. The two companies reported combined revenue of nearly $220 billion for the quarter.