Abstract: Google’s parent company reported that sales climbed 13 percent to $86.3 billion while profit jumped 52 percent.
Lead Paragraph:
Alphabet, Google’s parent company, on Tuesday reported search revenue and a profit margin for its latest quarter that fell short of Wall Street’s expectations, in a sign that growth in its flagship business and recent layoffs, intended to cut costs, were not enough to offset its growing investment in artificial intelligence.
Source: The New York Times
Category: Business
Sub Category:
2024-01-30T21:42:22+0000
By Nico Grant