Microsoft, Google ride AI wave as revenues surge

04:40am, Wednesday, 31'st Jan 2024
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.

Google says AI helped it beat profit expectations

04:35am, Wednesday, 31'st Jan 2024
Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year.
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had
Shares of Google parent Alphabet (GOOGL) dropped in after-hours trading after the company reported its fourth-quarter earnings. In the company's post-earnings conference call, company executives focu
Investors were left wanting more from Microsoft and Alphabet after recent rallies lifted their stock prices to all-time highs.
For Alphabet, the artificial intelligence (AI) boon has helped boost subscriptions. But advertising sales for the parent company of Google, having fallen just short of expectations despite surging 11%
Google parent Alphabet (GOOGL, GOOG) posted better-than-expected fourth quarter results after the market close on Tuesday. The tech giant reported earnings of $1.64 per share, topping the $1.59 estima
Alphabet (GOOG, GOOGL) reported its fourth-quarter earnings results revealing better-than-expected revenue and profit, but ad revenue came in weaker than analyst estimates of $65.94 billion. With sear
Google-parent Alphabet Inc. (GOOGL) posted better-than-expected earnings for the fourth quarter but ad revenues didn't grow at a fast enough pace. The company's shares fell sharply in after-hours trad
Mark Mahaney, Evercore ISI Head of Internet Research, joins 'Closing Bell Overtime' to talk Alphabet earnings.

Alphabet CFO: We're Pleased With Cloud Growth

05:12pm, Tuesday, 30'th Jan 2024
Alphabet Inc., the parent company of Google, reported disappointing earnings and shares fell after the closing bell. Alphabet CIO and CFO Ruth Porat spoke to Bloomberg's Ed Ludlow about growth in the

Google spent $2.1 billion on layoffs last year

05:12pm, Tuesday, 30'th Jan 2024
Google spent billions on severance last year after laying off thousands of workers. Alphabet's Q4 earnings said severance and related costs were $2.1 billion for 2023.
Microsoft's (MSFT) 4Q adjusted EPS came in at $2.93 versus an estimated $2.76 and its revenue came in at $62.00B versus an estimated $61.0B. Alphabet's (GOOGL) 4Q adjusted EPS came in at $1.64 versus
Alphabet has faced tough competition for ad budgets from other online platforms such as Facebook, Instagram, TikTok and Amazon, alongside mixed economic signals in the US.
Mandeep Singh breaks down Alphabet's fourth-quarter earnings on Bloomberg Television. Revenue in Alphabet's core search business, which is fueled by advertising, was $48.02 billion, narrowly missing a
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