Alphabet And Microsoft Missed Their Earnings Estimates

All told, Google’s parent company raked in $16 billion in profit, down $18.5 billion from the year-ago period.

knocked some 3.7% off revenue growth. CFO Ruth Porat predicts that the damage will hit even harder next quarter.Ad revenue of $56.29 billion compared to $56.14 billion expectedGoogle Cloud revenue of $6.28 billion compared to $6.41 billion expected, representing a loss of $858 millionA loss of $1.

Still, Google recently informed employees that times could get tough. In early July, CEO Sundar Pichai warned that Google is “not immune to economic headwinds.” To handle the current environment, Google needs to “be more entrepreneurial, working with greater urgency, sharper focus and more hunger” going forward.that the company would temporarily pause hiring and take time to “review our headcount.” Moreover, Google plans on “slowing down the pace of hiring for the rest of the year.

For the upcoming 2023 fiscal year, Microsoft reiterated its prior forecast of $49.25 billion to $50.25 billion. Noted Amy Hood, Microsoft’s CFO: “We continue to expect double-digit revenue and operating income growth in constant currency U.S. dollars.”

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms By Reuters⚠️BREAKING: *STOCKS OPEN HIGHER AS MICROSOFT, ALPHABET EARNINGS LIFT MOOD AHEAD OF FED DECISION - 🇺🇸 🇺🇸
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Alphabet, Microsoft and Now Meta Release Disappointing Quarterly Earnings – News Bitcoin NewsMeta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call.
مصدر: BTCTN - 🏆 531. / 51 اقرأ أكثر »

Google earnings miss expectations, but bottom doesn't fall outGoogle parent Alphabet narrowly missed revenue and earnings expectations in earnings reported today.
مصدر: axios - 🏆 302. / 63 اقرأ أكثر »

Google and Microsoft earnings show the bar has been lowered for Big TechOPINION: The reactions to earnings misses Tuesday by Alphabet and Microsoft show that this year's tech declines have resulted in a lowered bar for even the biggest of the Big Tech names, writes columnist tpoletti.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced inA lot of bad news is already priced into Microsoft. Same with Alphabet, which also saw an EPS and revenue miss, and the slowest revenue growth in two years.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »