Alphabet, the parent company of Google, reported an impressive financial performance for the third quarter of 2024, underscoring a substantial surge in revenue driven by its AI initiatives and robust performance across various segments. The tech giant’s consolidated revenues soared by 15% year-over-year, reaching $88.3 billion, propelled by strong momentum across Google Services and Google […]
Alphabet Inc. (NASDAQ: GOOG, GOOGL) has reported a strong financial performance for the first quarter ended March 31, 2024, showcasing significant growth across its main revenue streams—Search, YouTube, and Cloud. The Mountain View, California-based company announced a 15% increase in revenues, rising from $69.8 billion in the first quarter of 2023 to $80.5 billion in […]
In a recent communication to employees, Sundar Pichai, CEO of Google and Alphabet, detailed a series of structural changes aimed at improving the velocity and execution across the company. Following the success of Google Cloud Next, where Google’s leadership in AI tools and infrastructure was well-recognized, Pichai announced adjustments intended to streamline operations and foster […]
Alphabet Inc., the parent company of Google, announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. The tech giant reported consolidated revenues of $86 billion in Q4, a significant 13% increase year-over-year, highlighting its robust financial health. Sundar Pichai, CEO of Alphabet, expressed satisfaction with the company’s strength in […]
Alphabet Inc., the parent company of Google, reported positive Q2 2023 financial results on July 25, 2023, demonstrating growth in several key financial metrics as compared to the same period in the previous year. The company’s revenues grew 7% year-over-year to reach $74.6 billion, while operating income jumped by 12% to hit $21.8 billion. Notably, […]
Google will partner Bharti Airtel, one of India’s leading communications solutions providers, to invest around $1 billion (up to INR 7,400 crores) over the next five years, to drive India’s digital ecosystem. The deal, which is part of $10 billion Google for India Digitization Fund, will enable the internet giant to acquire 1.28% ownership in Airtel with […]
Reliance Industries Limited said that its subsidiary – Reliance Jio Infocomm (Jio) has entered into a collaboration with Google Cloud on 5G technology to enable Indians to access superior connectivity. In this connection, Google Cloud will offer a fully end-to-end cloud offering for 100% automated lifecycle management of Jio’s 5G network and services. According to […]
Internet giant Google has agreed to acquire a stake of 7.73% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR 33.73 billion ($4.5 billion). Google’s investment values Jio Platforms at an equity value of INR 4.36 lakh crore. Through the latest transaction, Reliance Industries has secured a total investment of […]