Bank Muamalat Malaysia Berhad (Bank Muamalat) has announced a multi-year collaboration with Google Cloud to accelerate its transformation into a leading digital Islamic bank.
Alphabet aka Google (Nasdaq: GOOG) recently reported its third quarter results that surpassed market expectations. Like Meta, Google is also benefiting from a rebound in digital advertising spend. Despite the growth, the market was not too pleased with the outlook that the company provided, sending its stock falling 7% in the extended trading session. Alphabet's Financials Alphabet's third quarter revenues grew 11% to $76.69 billion, ahead of the market's forecast of $75.97 billion. Net income grew from $13.9 billion last year to $19.7 billion. Adjusted earnings were $1.55 per share, again surpassing the market's forecast of $1.45 for the quarter. Revenue from YouTube advertising was $7.95 billion compared with the market's estimate of $7.81 billion. Google Cloud revenue was $8.41 billion, falling short of the market's estimates of $8.64 billion. While the cloud segment failed to meet market expectations, it still grew 22% and had an operating profit of $
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Google parent company Alphabet, which is celebrating the 25th anniversary of the founding of Google, reported solid momentum in its cloud business on Tuesday, with $8.4 billion in quarterly sales.