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Category Archives: Google
Google parent Alphabet reports 52% surge in profit on strong business – The National
Posted: January 30, 2024 at 10:25 pm
Googles parent company Alphabet reported a 51.8 per cent jump in its fourth-quarter net profit, fuelled by an increase in Search, YouTube and advertising businesses.
The world's largest provider of search and video advertisements reported a net profit of almost $20.7 billion, the company said. It was 5 per cent up on a quarterly basis.
The California company reported a 13 per cent annual surge in last quarters revenue to more than $86.3 billion, beating analysts estimates of $85.3 billion.
This was the second straight quarter with a double-digit increase in revenue after four consecutive quarters of single-digit growth.
Alphabets full 2023 fiscal net profit increased 23 per cent to $73.8 billion, while revenue soared 9 per cent to $307.4 billion during the 12-month period.
A healthy correction should make Google an interesting stock again, particularly due to the good numbers in the cloud business
Thomas Monteiro, senior analyst at Investing.com
Despite better-than-expected quarterly earnings, the company's stock dropped more than 4.42 per cent in after-hours trading to $146.28 a share.
The companys stock closed 1.16 per cent lower at $153.05 a share on Tuesday, giving Alphabet a market valuation of $1.90 trillion.
We are pleased with the ongoing strength in Search and the growing contribution from YouTube and Cloud, chief executive Sundar Pichai said.
Each of these is already benefiting from our AI [artificial intelligence] investments and innovation. As we enter the Gemini era, the best is yet to come."
Alphabet earned more than 48.6 per cent of its fourth-quarter revenue, or nearly $42 billion, from the US market.
In Europe, the Middle East and Africa, the company earned more than $25 billion, or almost 29 per cent of its total sales.
Alphabets operating income soared 27 per cent on an annual basis in the fourth quarter to about $23.7 billion. Its earnings for each share increased 56 per cent yearly to $1.64.
Google services business which includes advertisements, Android, Chrome, hardware, Maps, Search, Google Play and YouTube accounted for nearly 88.4 per cent of the companys total sales.
It added more than $76.3 billion to overall revenue, nearly 12.4 per cent more than the fourth quarter of 2022.
Googles advertising revenue from Search, YouTube and other businesses increased 11 per cent to more than $65.5 billion in the fourth quarter. It missed analyst estimates of $65.9 billion, according to StreetAccount.
"Alphabet's disappointing ad revenue numbers suggest that corporations worldwide are still uncertain about the pace of interest rate cuts from global central banks, thus keeping some powder dry while waiting for more clues before opening up their wallets, Thomas Monteiro, senior analyst at Investing.com, told The National.
More than actual EPS, investors want to see improving margins and free cash flows still, a healthy correction should make Google an interesting stock again, particularly due to the good numbers in the cloud business."
The total revenue from the cloud business grew an annual 25.6 per cent to nearly $9.2 billion in the December quarter, exceeding analysts expectation of $8.9 billion.
Google Cloud includes the companys infrastructure and data analytics platforms, collaboration tools and other services for enterprise customers.
It generates revenue mainly from fees received for cloud platform services and workspace collaboration tools.
Alphabets cloud business, which has been bolstered by generative AI solutions during the past months, is facing a stiff competition from companies including Oracle, Amazon Web Services and Microsoft Azure.
Alphabet said its operating income in the cloud segment reached $864 million during the quarter. It improved from the fourth quarter of 2022, when the divisions loss was $186 million.
The companys operating loss from other bets, or subsidiaries, reached about $863 million in the last quarter, from a loss of more than $1.2 billion in the same period for 2022.
Other bets are derived mainly through the sale of internet offerings, and licensing and research and development services.
This includes Alphabets X lab, self-driving unit Waymo and other non-Google companies.
Alphabet spent over $12.1 billion on research and development, nearly 14 per cent of its total sales in the fourth quarter. This was about 18 per cent more than the R&D expenditure for the same period in 2023.
YouTube added more than $9.2 billion to Alphabets revenue, increasing about 10.6 per cent annually.
Googles total acquisition costs stood at $13.9 billion, up nearly 8.2 per cent on an annual basis, against analysts expectations of $14.1 billion.
TACs are payments that search companies make to affiliates and online companies for bringing traffic to their websites. It is a major expense for companies such as Google and Yahoo.
Alphabets total cash, cash equivalents and marketable securities reached more than $110.9 billion as of December, from $113.7 billion at the end of 2022.
Alphabet said that due to last year's workforce reductions, the company incurred severance and related charges amounting to $2.1 billion in 2023.
And Google's departure from certain offices led to charges of $1.2 billion for the quarter and $1.8 billion for the entire year.
ONE TIME USE ONLY Google 25 Gallery
Google founders Sergey Brin, left, and Larry Page at the company's HQ in Mountain View, California, in 2003. Getty Images
Updated: January 31, 2024, 12:34 AM
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Google parent Alphabet reports 52% surge in profit on strong business - The National
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Some advertisers are unable to access Google Ads – Search Engine Land
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Some advertisers are unable to access Google Ads Search Engine Land
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Some advertisers are unable to access Google Ads - Search Engine Land
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How To Update Google Chrome To Its Latest Version – SlashGear
Posted: at 10:25 pm
In most instances Chrome on desktop will download the latest update automatically, then install it for you if you quit and restart. If that doesn't happen, or you'd prefer to manually update:
When Chrome restarts, it will reopen all tabs that were open during the restart (unless they're Incognito). You can revisit the Settings tab to double-check your current version, and if any additional updates are available you can follow the same process to install them, too.
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How To Update Google Chrome To Its Latest Version - SlashGear
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Google wants to make it easier to disable Chrome’s annoying notifications – Android Police
Posted: at 10:25 pm
Summary
If Chrome is your preferred browser, youve likely experienced some frustration with being bombarded by sites asking to post notifications on your Android device. You may have even enabled the feature for a handful of websites over the years, whether that was on purpose or by accident. While theres a setting you can toggle to manage notifications, it's not always the easiest to find. Now, it seems that Google is taking steps to improve its UI and resolve this long-standing annoyance for Chrome users.
As spotted on the Chromium project website, Google is now testing a feature that provides Chrome users with a one-tap button to disable all notifications from a site (via Windows Report). Before, when a site posted a notification, you would see a Site Settings button on it. Tapping this took you to the associated menu in Chrome's settings, where you could then drill down into the Notifications section to find the website in question and revoke its permission to send notifications.
With the recent change, when you get an alert from a website, you'll see an Unsubscribe button embedded in the notification where Site Settings used to reside tapping this will immediately disable future notifications from that website. Afterward, the Chrome notification will show a dialog with two options: OK and Undo. Tap the former to go on about your day, or hit the latter if you errantly pressed Unsubscribe.
As of January 29, the feature was available to 50% of Chrome Canary users for testing. If it's available to your account, it can be enabled at chrome://flags#notification-one-tap-unsubscribe.
Over the past few months, Google has been making tweaks to Chrome to improve its UI in subtle but helpful ways. For instance, it rolled out a feature that allows Chrome desktop users to now set the browser as their default PDF reader. It debuted in Chrome Canary for testing, and when enabled, it automatically opens downloaded PDFs within the browser. This eliminates the need to use the Google Drive PDF viewer, but its unknown if the setting will be coming to Android. For now, mobile Chrome users may still need to rely on the Google PDF Viewer. Its possible that the feature could be introduced to Android when its officially introduced to Chrome, but that is also still up in the air.
In terms of Android, Google hasnt entirely forgotten about Chromes mobile users. For example, the Read Aloud feature is finally being tested for Android. It is assumed that it will be coming out with Chrome 122 for Android, and the feature would allow you to retrieve a read version of any text in the browser. Although it hasnt been officially rolled out just yet, you can find it within the flags of Chrome 121.
Although it may seem like Google is slow to make improvements to the Chrome UI, its clear that the company has no intention of abandoning the browser. That being said, adjustments will likely continue to be made to keep Chrome users dedicated to the browser now and in the future. With more competition sprouting up, it isnt surprising that Google is attempting to keep pace with such changes.
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Google wants to make it easier to disable Chrome's annoying notifications - Android Police
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Spring a leak? Google will find it through a new partnership aimed at saving water in New Mexico – The Caledonian-Record
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Google And Hugging Face Partner To Advance Generative AI With Open Models – Forbes
Posted: at 10:25 pm
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Tech earnings preview: Microsoft, Apple, Google, Meta, and Amazon – Fast Company
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Tech earnings preview: Microsoft, Apple, Google, Meta, and Amazon Fast Company
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Tech earnings preview: Microsoft, Apple, Google, Meta, and Amazon - Fast Company
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