Technological Alphabetmatrix GoogleIt was announced on Tuesday Accumulated profit of 53,108 million dollars (50,130 million euros) In the first nine months of the year, 15% more than the previous yeardriven by innovation artificial intelligence (AI).
There was an American company Accumulated turnover for the three quarters ending September 30 was 221,084 million, up 7%similar to the same period last year, as stated in a statement.
Alphabet was the company most followed by Wall Street analysts in the third quarter. 19.689 million and 76.693 million turnovers are the digits representing respectively, 42% and 11% annual increases.
Sundar Pichai, the firm’s senior executive, highlighted these latest results and described them as “AI innovations in Search (Google), YouTube, Cloudydevices pixel“and other services.
Advertising-related revenues, especially Google contributed $59,647 million, up 9% year over year, and YouTube contributed $7,952 million, up 12%.
In the face of these figures, Google Cloud’s growth stood out. cloud service whose billing increased by 22%It went up to 8 billion 411 million dollars, which led to a profit announcement compared to the losses of the previous year.
Again, Analysts stated that revenues were generally below expectations.and especially those in the cloud, an area where they are a leader. Amazon And Microsoftand this is important for the development of artificial intelligence.
Alphabet also stated that their calculations include expenses related to layoffs ($2.1 billion), optimization of their offices (649 million) and depreciation of their facilities (207 million) in their calculations.
Results announced at the close of Wall Street, received a weak response among investors and its shares fell more than 5% in electronic transactions. Since the beginning of 2023, the company has gained 58% in value.