Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth

Apr 26, 2024  · (Bloomberg) -- Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. Most Read from BloombergTesla …


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Alphabet Beats Revenue Estimates As AI Fuels Cloud Growth

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Apr 25, 2024  · Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth Cloud services revenue rose 28% to $900 million in quarter Company announces 20-cent dividend, $70 billion …

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Alphabet’s Pricey AI Bet Pays Off With Cloud, Search Growth

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Oct 30, 2024  · Alphabet’s Pricey AI Bet Pays Off With Cloud, ... Revenue, excluding partner payouts, jumped 16% to $74.6 billion from a year ago, the company said in a statement …

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Alphabet Beats Sales Estimates On Google Cloud Growth, Revenue …

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Oct 30, 2024  · Alphabet Inc. reported third-quarter sales of $74.6 billion, exceeding analysts’ expectations. Strong cloud demand, fueled by AI growth, contributed to a net income of $2.12 …

livemint.com

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Alphabet’s AI Strategy Fuels 15% Revenue Surge - CCN.com

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Oct 30, 2024  · Alphabet reported $88.27 billion in revenue for the past quarter, representing an overall growth of 15%. The company reported on Tuesday that cloud services revenue, which …

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AI, Cloud Boost Alphabet Profits By 34 Percent - Ars Technica

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Oct 30, 2024  · 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 …

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Alphabet Stock Surges As Cloud Business Drives Q3 Earnings Beat

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Oct 30, 2024  · Alphabet stock surged 6% after strong Q3 earnings driven by Google Cloud’s 35% revenue boost. Learn how AI investments shape Alphabet’s future. ... Beating the Estimates. …

thecapitalist.com

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AI Fuels Alphabet’s Q3 Earnings And Cloud Growth

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Oct 31, 2024  · Overall, Alphabet’s third-quarter revenue climbed 15% to $88.27 billion, outpacing analysts’ estimates. The company’s diversified portfolio, anchored by Search, YouTube, and a …

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Alphabet Inc. (GOOG) Beats Q3 Estimates Driven By 35% Growth …

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Nov 1, 2024  · Alphabet Inc. (GOOG) Beats Q3 Estimates Driven by 35% Growth in Cloud Revenue, Highlights AI’s Role in Productivity and Innovation. Ghazal Ahmed . Fri, Nov 1, …

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Alphabet Revenue Beats Forecasts Despite Softer Than Expected …

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Oct 24, 2023  · Despite the more muted cloud performance, Alphabet’s overall revenue surpassed analyst expectations, rising 11 per cent to $76.7bn. Earnings per share also beat forecasts, …

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Alphabet's AI Investments Boost Cloud Sales, Lifts Maturing Ad …

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Oct 29, 2024  · Alphabet's digital advertising sales - the biggest chunk of its total revenue - rose 10% to $65.85 billion in the third quarter. But that pace of growth slowed from the second quarter.

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Alphabet And Microsoft Push Past Revenue Estimates - Silicon …

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Jul 26, 2023  · Microsoft’s revenue for its fiscal quarter ending 30 June 2023 was $56.2bn, an increase of 8pc and beating analyst estimates. Net income for the quarter was $20.1bn and …

siliconrepublic.com

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Alphabet Inc. (GOOG) Beats Q3 Estimates Driven By 35% Growth …

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Alphabet Inc. (GOOG) Beats Q3 Estimates Driven by 35% Growth in Cloud Revenue, Highlights AI’s Role in Productivity and Innovation Story by Ghazal Ahmed • 1w

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Big Tech Earnings: Live Updates As The Magnificent 7 ... - MoneyWeek

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4 days ago  · This beat consensus estimates of $2.35. Revenue was broadly as expected coming in at $124.3 billion, up 4% year on year. ... investors were also underwhelmed by growth in …

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US Stocks Gain As Market Digests Earnings, AI Spending Plans

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2 days ago  · U.S. stocks closed higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. The broad S&P 500 index closed up 0.51%, …

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What We Learned About The Future Of AI From Microsoft

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2 days ago  · Microsoft’s fiscal second-quarter cloud revenue fell slightly short of expectations, but CEO Satya Nadella noted the company’s AI revenue run rate hit $13 billion in the quarter, well …

investopedia.com

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IBM Beats Profit Estimates As AI Shift Boosts Software Performance ...

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3 days ago  · IBM shares rise as much as 10% after Q4 profit beat Software segment records biggest growth in 5 years AI book adds $2 billion from Q3, stands at $5 billion inception-to …

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Alphabet Inc. (GOOG): Accelerating AI Revenue Growth With TPU …

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1 day ago  · Investment in AI is growing rapidly across various sectors. A recent Goldman Sachs report estimates that global businesses will invest nearly $1 trillion in AI infrastructure over the …

yahoo.com

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Microsoft Reports 10% Quarterly Profit Growth As It Works To Show …

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3 days ago  · But while its overall profits and revenue beat Wall Street expectations, it slightly missed projections for its closely-watched cloud computing business, a centerpiece of its AI …

apnews.com

FAQs about Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth Coupon?

Did alphabet's first-quarter revenue exceed analysts' expectations?

Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. ...

Why did Google's Alphabet stock leap 12 percent in 2024?

Google's parent Alphabet on April 25, 2024 trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent. Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. ...

How did alphabet's cloud performance compare to analyst expectations?

Despite the more muted cloud performance, Alphabet ’s overall revenue surpassed analyst expectations, rising 11 per cent to $76.7bn. Earnings per share also beat forecasts, jumping 46 per cent to $1.55, with post-tax income rising 42 per cent to $19.7bn. ...

How did alphabet make a profit?

Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. (Photo by Lionel BONAVENTURE / AFP) (Photo by LIONEL BONAVENTURE/AFP via Getty Images) Photo by LIONEL BONAVENTURE/AFP via Getty Images files ...

Why did alphabet top third-quarter revenue expectations?

(Reuters) -Alphabet topped third-quarter revenue expectations on Tuesday, helped by steady growth in its digital advertising business and an AI-driven jump in demand for its cloud services. Shares of the company rose more than 3% in extended trading. ...

Is Google Cloud a weak spot during alphabet's earnings calls?

Google Cloud reported sales of $9.6 billion. The unit’s profit was $900 million, well ahead of analysts’ projections of $672.4 million. “For years, Google Cloud was usually a weak spot during Alphabet’s earnings calls,” said Lee Sustar, a principal analyst with Forrester. ...

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