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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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YouTube brings in $5 billion in ad revenue as Alphabet and Google bounce back

The Verge

Google parent company Alphabet’s third quarter revenue increased 14 percent from the year before, led by a rebound in advertising revenue for both Google and YouTube. This quarter, the advertising rebound in both search and YouTube helped drive the revenue, Ruth Porat, CFO of Alphabet and Google said in a statement announcing the earnings.

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Google parent company Alphabet sees its first revenue decline in history

The Verge

Net income dropped from $9.9 One bright spot was YouTube, where advertising revenue rose from $3.6 Google “other revenues,” which includes its hardware, Play Store, and non-advertising YouTube revenues — reported $5.12 Total revenue for the quarter was $38.3 billion, versus the $37.4 billion a year ago, to $6.9

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Microsoft reports weaker Surface and Windows revenue amid global chip shortage

The Verge

billion and a net income of $16.5 Revenue is up 21 percent, and net income has increased by 47 percent. Microsoft’s Xbox Series X and Series S consoles are now on their third quarter of sales, after helping grow hardware revenue in recent months. Hardware revenue is up again, as expected, by 172 percent.

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Microsoft Office, cloud services, and Windows boost revenue in Q2

The Verge

billion and a net income of $18.8 Revenue is up 20 percent, and net income has increased by 21 percent. Microsoft’s Xbox Series X / S consoles have been on sale for more than a year now, and hardware revenue is up 4 percent, thanks to continued demand for these new consoles. Photo by Sam Byford / The Verge.

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Tech Moves: Convoy vet joins Xembly; Seattle climate firm hires Goldman Sachs exec; and more

GeekWire

-based hardware company MTI promoted Allen Auchenpaugh to CEO , from VP of global services. — Rob Wilk , previously global head of advertising at Microsoft, joined Snapchat parent company Snap. Breaux was previously CEO of AirNow media and co-founded Airpush, a mobile advertising technology company acquired by Appscatter in 2020.

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Google parent Alphabet’s Q1 profits dropped by more than $1 billion compared to 2021

The Verge

However, with expenses up compared to 2021, its net profit actually dropped to $16.4 The overall advertising business, including Search, YouTube, and its various ad networks, managed to pull in $54 billion in the first quarter alone. YouTube advertising revenue was also up, reaching $6.86 billion compared to last year’s $17.9

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