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Google's new CFO makes earnings call debut, says company can ‘push a little further' on cost cuts

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In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Ashkenazi, who joined Alphabet in July, said earnings were boosted by"headcount management, facilities management, other process efficiencies."was held by Ruth Porat, who took a giant pay package in 2015 to leave Wall Street for Silicon Valley.

Alphabet reported $13 billion in capital expenditures in the third quarter, and Ashkenazi said she expects the same level of spending in the fourth. The majority went to technical infrastructure, including servers and data center equipment that power cloud and AI products, Ashkenazi said on the call.Ashkenazi warned the company will be making higher capital expenditure in 2025, echoing Pichai who, referring to search and coud, said"there is an aggressive roadmap ahead for 2025.

During the Q&A portion of the call, Evercore ISI's Mark Mahaney asked,"As you're coming in looking at this fresh, is it clear to you there are a lot of newfound cost efficiencies or ongoing cost efficiencies?"

 

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