Alphabet's Growth Slows, But Google Search Demonstrates Resilience
Alphabet's Growth Slows, But Google Search Demonstrates Resilience - 04/26/2023
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Alphabet's Growth Slows, But Google Search Demonstrates Resilience - 04/26/2023
Alphabet's earnings per share of $1.17, excluding items, exceeded the average estimate of $1.07 per share
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
Google has been scrambling to keep pace with rivals, notably Microsoft, in rolling out new artificial-intelligence software
While Google Cloud revenue grew 27.5% this quarter, that growth is slowing from 32% last quarter and 38% the one before that.