AI, cloud boost Alphabet profits by 34 percent - Ars Technica

Oct 30, 2024 · AI, cloud boost Alphabet profits by 34 percent Google's cloud business is still a distant third to Microsoft and Amazon. Stephen Morris, Financial Times – Oct 30, 2024 9:37 …

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Alphabet Inc. (GOOG) Sees 34% Net Income Growth In Q3 2024

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Alphabet Inc. (GOOG) Sees 34% Net Income Growth in Q3 2024, Boosted by Strong Search, Cloud Performance, and AI Innovations. ... for instance, a 34% increase in net income was …

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Alphabet Stock Surges As Cloud Business Drives Q3 Earnings Beat

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Oct 30, 2024 · Profit surged by 34% to reach $26.3 billion, a strong indicator of Alphabet stock's continued growth trajectory. Google’s CEO Sundar Pichai attributed this success largely to the …

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Alphabet Profits Climb 34 Percent, Powered By Cloud And Ads

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Nov 1, 2024 · Alphabet’s revenue increased by 15 percent during the latest quarter, topping $88.3 billion. Powered by advertising and cloud services, profits surged 34 percent to $26.3 billion, …

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Alphabet’s Revenue Boosted By Cloud Computing, Search Ads

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Jul 23, 2024 · After initially fluctuating, Alphabet shares were up about 1% in extended trading following the report. The stock has gained 30% so far this year. Google Cloud brought in profit …

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Google Parent Alphabet Revenue Jumps 15% On AI Investments

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Oct 29, 2024 · Google parent Alphabet topped third-quarter revenue and earnings expectations on Tuesday, helped by an AI-driven 35% surge in its cloud business as well as a jump in its …

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Alphabet Inc. (GOOG) Sees 34% Net Income Growth In Q3 2024, …

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3 days ago · Alphabet Inc. (GOOG) Sees 34% Net Income Growth in Q3 2024, Boosted by Strong Search, Cloud Performance, and AI Innovations Usman Kabir Wed, Jan 29, 2025, 9:57 PM 6 …

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Alphabet's AI Investments Boost Cloud Sales - RTÉ

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Oct 30, 2024 · Alphabet's AI investments boost cloud sales, lifts maturing ad business ... Alphabet also beat profit expectations with earnings of $2.12 per share, compared with an average …

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Microsoft And Alphabet Profit Surge Signals AI And Cloud

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Apr 26, 2024 · Microsoft said sales of its Azure cloud computing platform climbed 31% in the quarter, beating analysts’ expectations. About 7% of that increase was attributable to AI, …

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Alphabet's AI Investments Boost Cloud Sales And Lift Maturing Ad ...

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Oct 30, 2024 · Google parent Alphabet said on Tuesday that its AI investments were "paying off," as it reported a 35% surge in its cloud business and U.S. election-related spending lifted …

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FAQs about AI, cloud boost Alphabet profits by 34 percent - Ars Technica Coupon?

How did AI Impact a company's revenue?

Despite all that AI spending, profits were up 11 percent, too. The growth was largely driven by Azure and cloud services, which saw a 33 percent increase in revenue. The company attributed 12 percent of that to AI-related products and services. ...

Will AI chatbot challengers impact alphabet's growth?

Revenue at Alphabet’s core search and advertising businesses rose 10 percent to $65.9 billion. While the rate of growth slowed slightly, it showed little impact from AI chatbot challengers such as OpenAI’s ChatGPT. ...

Are AI-powered chatbots threatening alphabet's search business?

While Alphabet has shown strong earnings momentum this year, it faces threats on several fronts. A new generation of AI-powered chatbots such as ChatGPT and Anthropic’s Claude are challenging its core search business. ...

Does Microsoft spend a lot on AI?

Xbox hardware sales dropped 29 percent, but that barely made a dent. Microsoft reported quarterly earnings that impressed investors and showed how resilient the company is even as it spends heavily on AI. Some investors have been uneasy about the company's aggressive spending on AI, while others have demanded it. ...

Why are AI companies growing so fast?

Oppenheimer highlights that this pattern is consistent with past technological innovations, where capital inflows and competition drive rapid growth before eventual consolidation. While dominant AI companies today were also leaders in the previous tech wave, new competitors are emerging, he predicts. ...

How did AI perform in fiscal quarter?

The fiscal quarter, which covered July through September, saw overall sales rise 16 percent year over year to $65.6 billion. Despite all that AI spending, profits were up 11 percent, too. The growth was largely driven by Azure and cloud services, which saw a 33 percent increase in revenue. ...