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Alphabet Inc beats sales estimates in Q3 results on Google Cloud growth

Business Standard LogoBusiness Standard1d ago

Alphabet Inc beats sales estimates in Q3 results on Google Cloud growth - Business Standard

Quick Summary:

Either way, “it’s very clear that Google can perform even in the midst of serious regulatory threats to its ads business,” said Evelyn Mitchell-Wolf, digital advertising and media analyst at Emarketer.

The Other Bets division remains unprofitable, losing $1.1 billion in the quarter, but Alphabet has been working to narrow those losses.

In her first earnings call with the company, Alphabet Chief Financial Officer Anat Ashkenazi, who joined earlier this year, said she expects Google’s capital expenditures to increase considerably next year.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 08:43:42 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 787 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23334395

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 218 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Website Security: Secure (HTTPS)

Publisher ID: #49

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