According to the leading analyst of the technology market on Tuesday, Alphabet defeated on Tuesday.
The company’s performance was driven by an increase in digital advertising and healthy demand for its cloud computing services, although Bondée capital would remain high this year.
Reuters He said that the popularity of the Olympic Games and Paris elections in countries such as the US has increased digital ads that are witnessing robust demand. This is supported by a reflection on corporate expenses, which has again increased the company’s software business.
General AI technology significantly motivates its cloud business.
The handic company returned a source, advertising affected by $ 11% to $ 64.6 billion, supported by rich consumer data that allow profitable functions to target advertising in all Google Parent platforms Alphabet Inc. During the quarter ending of June 30, clean incoming increased by 28.6% compared to last year and was a higher prediction of Thans around $ 22.9 billion; The net profit eventually approached $ 23.6 billion.
The stocks initially jumped by about 2%, but then dropped back, which published a similar percentage profit on the day. However, they are higher than 30% year -on -year, compared to a profit of about 20% in the technologically demanding NASDAQ composite index.
“It was another star district from Google with Beats on the Board of Directors,” said Ido Caspi, a research analyst with Global X who quoted the sale of advertising and offer of artificial intelligence as key drivers.
Total revenues increased by 14% to $ 84.74 billion, compared to the estimate of the consensus of analysts of $ 84.19 billion, according to LSEG. Sales of ads in your YouTube Pink division by 13% to $ 8.67 billion.
Back from Cloud Computing Services, a critical indicator of business technology expenditure, increased by $ 28.8% to $ 10.35 billion, which expected analysts expecting $ 10.16 billion.
The alphabet spent $ 13 billion per capital expenditure during the quarter. Alphabet now extremely Liss at a request for comment. In her final conference call as the CFO Alphabet, Ruth Poreat said that quarterly capital expenses in the rest of the year 2024 will be $ 12 billion or higher.
In the January-Breast period, the company’s capital expenditure increased by $ 91 to $ 12 billion, which was worried about investors. Like its competitors, the alphabet quickly introduces AI offers, because investors still still billions to technology.
However, its AI search has released some embarrassing results, while the Sweater Sweater in Technology added a job. AI will be presented in several countries, the CEO of Alphabet Sundar Pichai recently told investors. “You’ll see how you expand the use of Osuks around him.”
Pichai, without providing the timeline, said AI products could soon increase revenue than to help companies in reducing costs.
Despite the increased regulatory Potooy, Google has devoted himself to its big acquisition, which is about $ 23 billion Dollars of Cyber Security of Wiz. However, WIZ informed employees on Monday that he was leaving the agreement and he would deal with the public.
Google also conducted interviews about getting a Hubspot relationship management company before leaving the agreement at the beginning of this month. Agrement would change the alphabet to the opponents of Salesforce, Oracle and more.
Google announced on Monday that it plans to keep third -party cookies in its Chrome browser and turn its clear promise to eliminate the code used to track Internet activity. This meant a significant reversal after the advertisers explicitly influenced that the loss of cookie would limit their ability to collect and more information for personalization advertising, which will make them depend on Google databases for use.
Sale for The Mountain View, the so-called California company Company, which oversees experimental projects and the self-dusting unit of cars Waymo, increased by 28% to $ 365 million. Posat said that the company is planning a multi -annual investment of $ 5 billion in Waymo, as competitive cruises are slowly returning to American roads after a highly promoted accident in October.
See also: Global Expansion Google: Investment in geothermal energy in Nevada and the main data center in Malaysia
Do you want to know more about cyber security and cloud from industry leaders? Check out Cyber Security & Cloud Expo in Amsterdam, California and London. Explore other upcoming events and webinars with technology and webinars driven Techforge here.
(Tagstranslate) Cloud (T) Cybersecurity (T) Google Cloud