Alphabet
San Francisco (AFP) - Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence. Microsoft saw its shares rise more than 3 percent to $341.11 on earnings that underscored the momentum of its cloud business. Alphabet share prices, however, slipped more than 5 percent to $129.67 in after-market trades Tuesday despite beating overall earnings expectations as investors had evidently hoped Google Cloud would be doing better. "Google Cloud missed consensus revenue expectations on slowing...
AFP
San Francisco (AFP) - Tech titans Google and Microsoft announced better-than-expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. The release of ChatGPT last year landed as technology giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after flying high during the coronavirus pandemic. For the second consecutive quarter, Microsoft has more than reversed the trend, seeing profits and sales soaring to the highest levels ever for the 48-year-old company co-founded by Bill G...
AFP
San Francisco (AFP) - US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy. Apple and Amazon shares were casualties on Thursday, and their respective quarterly earnings reports disappointed investors hoping for rays of sunshine on a dark economic landscape. Meanwhile, shares of Meta and Google-parent Alphabet have tanked after disappointing financial results this week. "This week will go down in the history books of earnings season as one of Big Tech's worst and ultimately could be a 'fork in the road moment' for the stalw...
AFP
San Francisco (AFP) - US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now. With Apple and Amazon due to report quarterly earnings after the close of market Thursday, shares of Meta and Google-parent Alphabet have tanked after disappointing financial results this week. "This week will go down in the history books of earnings season as one of Big Tech's worst and ultimately could be a 'fork in the road moment' for the stalwarts looking ahead," Wedbush analyst Dan Ives said in a note to investors. Managem...
AFP
San Francisco (AFP) - Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue. Alphabet said it made a profit of $14 billion in the third quarter on ad revenue that grew just 6 percent to $69 billion when compared with the same period of last year. Aside from one period at the start of the Covid pandemic, that would mark the weakest revenue growth at Alphabet for any quarter since 2014. "When Google stumbles, it's a bad omen for digital advertising at large," said Insider Intelligen...
AFP
San Francisco (AFP) - Google's parent firm Alphabet announced quarterly profits Tuesday that beat expectations and nearly doubled in 2021 -- after a booming holiday season for the online ads giant facing anti-trust regulation scrutiny. The tech giant had net income of $20.6 billion on revenue that grew 32 percent to $75 billion in the final quarter of 2021, ending the year with a total of $76 billion in profit. That was nearly double the $40 billion annual profit reported for 2020, as the pandemic had already accelerated a shift to online shopping, working and learning that also benefited fel...
AFP
San Francisco (AFP) - Google's parent company Alphabet announced profits Tuesday that jumped to $18.9 billion, even as the online colossus faces increased regulatory pressure and shifting of the lockdown lifestyles that have so benefited Big Tech. Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform that give it extensive global influence. Alphabet revenue of $65.1 billion in the recently-ended quarter eclipsed the same period last year by some 41 percent, according to the tech titan, as its online ad engine and c...
AFP
San Francisco (AFP) - Google parent Alphabet on Tuesday reported quarterly profit that had nearly tripled, as money poured in from ads on its search engine and YouTube video platform. "There was a rising tide of online activity in many parts of the world, and we're proud that our services helped so many consumers and businesses," Alphabet chief executive Sundar Pichai said of the quarter. The internet titan reported that profit nearly tripled from last year to $18.5 billion on revenue that rose sharply to $61.9 billion. Google is among the tech companies that saw use soar as the pandemic accel...
AFP
San Francisco (AFP) - Google parent Alphabet on Tuesday reported that quarterly profit more than doubled as digital advertising surged with more people relying on the internet during the coronavirus pandemic. Profit in the first quarter leapt to $17.9 billion from $6.8 billion in the same period a year ago while revenues jumped 34 percent to $55.3 billion, led by gains in advertising and cloud computing services. "Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained," said Alphabet and Google chief executive Sundar Pichai....
AFP
San Francisco (AFP) - Google parent Alphabet on Tuesday reported that quarterly profit more than doubled as digital advertising surged with more people relying on the internet during the coronavirus pandemic. Profit in the first quarter leapt to $17.9 billion from $6.8 billion in the same period a year ago while revenues jumped 34 percent to $55.3 billion, led by gains in advertising and cloud computing services. "Over the last year, people have turned to Google Search and many online services to stay informed, connected and entertained," Alphabet and Google chief executive Sundar Pichai. The ...
AFP
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