"Questions about the future of artificial intelligence (AI) have surged in recent months. The biggest question among investors is whether companies can recoup the massive investments they're making to capitalize on demand for AI. Amid this uncertainty, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) sought to answer that question when it reported its quarterly results after the market close on Wednesday. What became immediately apparent is that demand for AI continues to fuel rapid cloud growth, and Alphabet plans to continue heavy investment"
"For the fourth quarter, revenue of $113.8 billion jumped 18% year over year, and 17% in constant currency. Operating margin held steady at 32%, driving diluted earnings per share (EPS) up 31% to $2.82. To give those numbers context, analysts' consensus estimates called for revenue of $111.48 billion and EPS of $2.64, so Alphabet cleared both hurdles with room to spare."
Alphabet reported fourth-quarter revenue of $113.8 billion, an 18% year-over-year increase and 17% in constant currency, with operating margin steady at 32% and diluted EPS rising 31% to $2.82. Revenue and EPS exceeded analysts' consensus estimates for the period. Google Search and related advertising remained the largest revenue source, with search revenue up 17% and YouTube growing about 9%, producing overall Google ad revenue growth of 14%. Google Cloud experienced rapid growth fueled by AI demand, prompting continued heavy investment to capture opportunities amid demand that outstrips supply. The stock remains attractively priced despite recent gains.
Read at Aol
Unable to calculate read time
Collection
[
|
...
]