They promised an extended period of belt-tightening, particularly on hiring, property costs and experimental projects that can take years to reach fruition.
Gone was some of the exuberance of the pandemic when consumers flocked to the internet amid lockdowns and heightened interest in e-commerce and touchless deliveries. He said artificial intelligence software will be an important focus for the company and that it plans to make its LaMDA chatbot software publicly available in the coming weeks.
The company's net income fell to $13.62 billion, or $1.05 per share, from $20.64 billion, or $1.53 per share, a year earlier. That was the sharpest decline for Alphabet in four quarters.
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