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Google-parent Alphabet's profit slips as growth slows
Google-parent Alphabet's profit slips as growth slows
Agence France-Presse
Published Jul 27, 2022 08:42 AM PHT
A view of a Google sign on the company's campus in Mountain View, California, USA, 25 October 2021. Google-parent Alphabet Inc., beat market expectations in their third-quarterly earnings. EPA-EFE/JOHN G. MABANGLO/FILE
SAN FRANCISCO, United States - Google-parent Alphabet reported its profit in the recently ended quarter slipped to $16 billion as its long sizzling ad revenue growth cooled.
Revenue in the period grew 13 percent to $69.7 billion, with its global search and cloud computing services bringing in most of the money, the Silicon Valley tech giant said.
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