"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."
"The other area of particular interest to investors in Google Cloud which also serves as the repository for much of the company's AI strategy. Continuing demand for AI services was on full display, as cloud revenue of $17.7 billion surged 48%, accelerating from 34% growth in the third quarter. This far outpaced Microsoft's Azure Cloud growth of 39%, showing that Google is gaining on its rival."
Alphabet reported fourth-quarter revenue of $113.8 billion, up 18% year over year and 17% in constant currency, with diluted earnings per share rising 31% to $2.82. Revenue and EPS exceeded analysts' consensus of $111.48 billion and $2.64. Google search and related advertising remain the largest revenue sources, with search revenue up 17% and YouTube growing about 9%, yielding overall Google ad revenue growth of 14%. Google Cloud revenue reached $17.7 billion, up 48% and accelerating from 34% growth in the prior quarter, outpacing Microsoft's Azure. Cloud operating margins increased to 30.1% from 23.7% in Q3, demonstrating improved profitability. Alphabet plans continued heavy investment to capitalize on AI demand.
Read at The Motley Fool
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