Tag: Alphabet

Here you will find all the articles with the tag: Alphabet.

Microsoft and Google see cloud revenue surge

Microsoft and Google see cloud revenue surge

Quarterly figures from Microsoft and Google parent Alphabet show substantial year-on-year growth in cloud revenue. The tech giants posted 29 percent and 22.5 percent growth in revenue from their cloud operations, respectively. Microsoft's Intelligent Cloud division, which includes Azure, came in... Read more

date6 months ago
EU may demand Google to sell part of its ad-tech business

EU may demand Google to sell part of its ad-tech business

In a development that could send shockwaves through the tech industry, Alphabet's Google may face an order from European Union antitrust regulators to sell a portion of its advertising-technology business. A source with direct knowledge of the matter revealed this information to Reuters on Monda... Read more

date10 months ago
Google’s cloud division posts quarterly profits for the first time

Google’s cloud division posts quarterly profits for the first time

Google’s parent company's net income was $15.05 billion, compared to $16.44 billion in the previous year, with earnings before certain costs coming to $1.17 per share, higher than the expected $1.07 per share. Revenue for the quarter topped $69.79 billion, beating analysts' predictions of $68.9 b... Read more

date12 months ago
US tech giants find it hard to lay off European workers

US tech giants find it hard to lay off European workers

The American policy of "hire and fire" is simply not allowed under some European labour laws. After announcing massive rounds of layoffs, US tech companies like Amazon and Google are struggling to reduce staff in places like Germany and France, according to Bloomberg. In the highly volatile U... Read more

date1 year ago
Alphabet profit falls 34% due to ads slow down

Alphabet profit falls 34% due to ads slow down

Alphabet, the parent of Google, is facing a period of stalled growth amidst the ongoing economic turbulence in Silicon Valley. Gone are the days of exponential profit and employee growth as the company navigates a slowdown in digital advertising. In its latest financial statement, Alphabet poste... Read more

date1 year ago
San Francisco wants to put the brakes on rollout of robotaxis

San Francisco wants to put the brakes on rollout of robotaxis

The move comes after driverless taxis have caused mayhem on the city's streets. San Francisco city officials have sent letters to the California Public Utilities Commission (CPUC) asking to slow or halt the expansion of robotaxi services in the city. NBC News reports that San Francisco Transport... Read more

date1 year ago
SAP plans to slash 3000 jobs as it looks to sell Qualtrics

SAP plans to slash 3000 jobs as it looks to sell Qualtrics

The software giant is the latest big tech player to announce major job cuts in 2023. German software vendor SAP announced it plans to cut 3,000 jobs, or 2.5 percent of its global workforce, according to reporting by Reuters. The company also told reporters that it plans to explore the sale of it... Read more

date1 year ago
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