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Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY (Alphabet) 25-04-2023

Alphabet: Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY  —  MOUNTAIN VIEW, Calif. – April 25, 2023 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023. Lees verder op Tech Meme

Google Cloud turns profitable for the first time on record, with a $191M operating income on $7.45B revenue in Q1 2023, vs. a $706M loss on $5.82B in Q1 2022 (Jordan Novet/CNBC) 25-04-2023

Jordan Novet / CNBC: Google Cloud turns profitable for the first time on record, with a $191M operating income on $7.45B revenue in Q1 2023, vs. a $706M loss on $5.82B in Q1 2022  —  – Google said its cloud group has turned profitable on an operating basis after showing losses for more than three years. Lees verder op Tech Meme

Microsoft reports Q3 Windows OEM revenue down 28% YoY, devices revenue down 30% YoY, overall gaming revenue down 4% YoY, and Xbox hardware revenue down 30% YoY (Tom Warren/The Verge) 25-04-2023

Tom Warren / The Verge: Microsoft reports Q3 Windows OEM revenue down 28% YoY, devices revenue down 30% YoY, overall gaming revenue down 4% YoY, and Xbox hardware revenue down 30% YoY  —  Microsoft just posted the third quarter of its 2023 fiscal financial results.  The software maker made $52.9 billion in revenue and a net income of $18.3 billion during Q3. Lees verder op Tech Meme

YouTube's advertising revenue declined for the third consecutive quarter, by 2.6% YoY to $6.69B in Q1 2023, slightly beating analyst estimates of $6.6B (Todd Spangler/Variety) 25-04-2023

Todd Spangler / Variety: YouTube’s advertising revenue declined for the third consecutive quarter, by 2.6% YoY to $6.69B in Q1 2023, slightly beating analyst estimates of $6.6B  —  Ad sales at YouTube declined 2.6% year over year in the first quarter of 2023, to $6.69 billion.  Analysts expected it to come in at $6.6 billion, per FactSet. Lees verder op Tech Meme

Alphabet reports Q1 Google ad revenue of $54.55B, vs. $54.66B YoY, the second straight drop following a 3.6% drop in Q4, and the third drop since it went public (Miles Kruppa/Wall Street Journal) 25-04-2023

Miles Kruppa / Wall Street Journal: Alphabet reports Q1 Google ad revenue of $54.55B, vs. $54.66B YoY, the second straight drop following a 3.6% drop in Q4, and the third drop since it went public  —  Search giant tries to jump-start growth amid volatile digital ad market and competition in AI Lees verder op Tech Meme

Microsoft reports Q3 Intelligent Cloud revenue up 16% YoY to $22.08B, vs. $21.94B est., with Azure and other cloud services revenue up 27% YoY (Jordan Novet/CNBC) 25-04-2023

Jordan Novet / CNBC: Microsoft reports Q3 Intelligent Cloud revenue up 16% YoY to $22.08B, vs. $21.94B est., with Azure and other cloud services revenue up 27% YoY  —  – Microsoft surpassed expectations on the top and bottom lines.  — Revenue growth from Azure slowed to 27% from 31% in the prior quarter. Lees verder op Tech Meme

Inside Meta's scramble to catch up on AI: slow to adopt pricey AI-ready hardware and software, scrapping a custom AI chip for a more ambitious model, and more (Reuters) 25-04-2023

Reuters: Inside Meta’s scramble to catch up on AI: slow to adopt pricey AI-ready hardware and software, scrapping a custom AI chip for a more ambitious model, and more  —  As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection … Lees verder op Tech Meme