Alphabet Revenue Disappoints on Weak Cloud Sales
Briefly

Alphabet's recent sales figures came in below Wall Street expectations due to cloud-computing division struggles, reporting $95.5 billion in revenue, versus the expected $96.6 billion. In contrast, profit slightly surpassed forecasts, driven by a 30% year-over-year increase in cloud sales. However, these were still under estimated targets, prompting concerns about Google's competitive stance against rivals like Amazon and Microsoft. The company's ambitious investments in AI, including plans for $75 billion in capital expenditures by 2025, underscore the critical need to excel in the innovative tech landscape, especially after validation from new competitors like the Chinese startup DeepSeek.
"Google's recent quarterly results highlight the challenges it faces in the competitive AI landscape, particularly with its cloud computing division's growth falling short of expectations."
"The pivotal nature of AI for Google Cloud raises concerns regarding its ability to compete effectively against larger rivals like Amazon and Microsoft."
Read at www.nytimes.com
[
|
]