{"id":11963,"date":"2023-10-24T21:38:09","date_gmt":"2023-10-24T19:38:09","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/10\/24\/google-cloud-revenue-misses-expectations-despite-ai-boom\/"},"modified":"2023-10-24T21:38:09","modified_gmt":"2023-10-24T19:38:09","slug":"google-cloud-revenue-misses-expectations-despite-ai-boom","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/10\/24\/google-cloud-revenue-misses-expectations-despite-ai-boom\/","title":{"rendered":"Google Cloud revenue misses expectations despite AI boom"},"content":{"rendered":"<p>Alphabet, Google\u2019s parent company, reports stronger than expected overall revenue but stock falls in after-hours trading<\/p>\n<p>Google is doing well, but not well enough for investors. On Tuesday, parent company Alphabet reported a stronger than expected overall revenue for the quarter but missed analyst expectations in its closely watched Google Cloud business.<\/p>\n<p>Alphabet stock fell in after-hours trading after the tech giant announced strong third-quarter earnings on Tuesday following months of modest growth. It reported third-quarter revenue of $76.69bn, up 11% year-over-year and above analyst predictions of $75.9bn. YouTube\u2019s advertising revenue was $7.95bn compared with a predicted $7.81bn. However, Google Cloud revenue was a miss at $8.41bn compared with a predicted $8.64bn, stoking investor concerns that the company risks falling further behind competitors like Amazon and Microsoft, cloud computing behemoths in their own right.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/oct\/24\/alphabet-q3-earnings-google-ai\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/3e2889687f977cb0a22d79523e871b6d5e717030\/0_0_2788_1673\/master\/2788.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=cc22fffef6cec538c51ff026d5cb365f\" title=\"Google Cloud revenue misses expectations despite AI boom\" \/>Alphabet, Google\u2019s parent company, reports stronger than expected overall revenue but stock falls in after-hours trading<br \/>\nGoogle is doing well, but not well enough for investors. On Tuesday, parent company Alphabet reported a stronger than expected overall revenue for the quarter but missed analyst expectations in its closely watched Google Cloud business.<br \/>\nAlphabet stock fell in after-hours trading after the tech giant announced strong third-quarter earnings on Tuesday following months of modest growth. It reported third-quarter revenue of $76.69bn, up 11% year-over-year and above analyst predictions of $75.9bn. YouTube\u2019s advertising revenue was $7.95bn compared with a predicted $7.81bn. However, Google Cloud revenue was a miss at $8.41bn compared with a predicted $8.64bn, stoking investor concerns that the company risks falling further behind competitors like Amazon and Microsoft, cloud computing behemoths in their own right. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alphabet, Google\u2019s parent company, reports stronger than expected overall revenue but stock falls in after-hours trading Google is doing well, but not well enough for investors. On Tuesday, parent company Alphabet reported a stronger than expected overall revenue for the quarter but missed analyst expectations in its closely watched Google Cloud business. Alphabet stock fell &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/10\/24\/google-cloud-revenue-misses-expectations-despite-ai-boom\/\"> <span class=\"screen-reader-text\">Google Cloud revenue misses expectations despite AI boom<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":11964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11963"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=11963"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/11964"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=11963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=11963"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=11963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}