Google parent Alphabet slides after sales miss Wall Street estimates

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The Alphabet Revenue Subcommittee is evaluated in the fourth quarter, as the search giant cloud business grows more slowly than expected, while he continued to speed up his expenses in response to artificial intelligence.

Income increased from 12% to $ 96.5 billion compared to the same period last year. Excluding the cost of purchasing traffic, this figure is $ 81.6 billion, there is no Wall Street estimates of $ 82.8 billion in Bloomberg. Net income increased by 28% to $ 26.5 billion.

Alphabet The shares have fallen into more than 6 percent of entertainment. In the past 12 months, the shares were resurrected in the previous 12 months, giving $ 2.5TN to the world’s fifth most recent list of market capital.

Before the Google Cloud Services Business has grown 30 percent for almost $ 12 billion, this was slower than $ 35 percent in the third quarter, analysts were predicted.

The cost of the alphabet on AI Infrastructure continued to step step by step with its silicone valley competitors. Capital expenditures of the fourth quarter have jumped to $ 14.3 billion, from $ 11 billion last year and surpassing expectations worth $ 13.2 billion.

Chief Executive Sundar Pichay said:

Last week, Microsoft has been revealed It spent $ 22.6 billion in a comparison period, but its shares have fallen sharply after its sale, as its Azure Cloud Computing unit is also disappointed. Meta quarterly Capex amounted to $ 14.6 billion by executive director Mark Zuckerberg promise “Hundreds of Billions” spend more to stay in AI research and the avant-garde of products.