The action of the searches giant, which rose more than 18% since its previous results report in April, advances 2.1% in operations after regular closure.
Alphabetthe parent company of Googlesurpassed on Wednesday the estimates of Wall Street For his second quarter and cited a massive demand for his cloud computing services, while raising his capital spending plans for the year to some U $ S85,000 million.
The action of the searches giant, which rose more than 18% since its previous results report in April, advances 2.1% In operations after regular closure after overcoming estimates of quarterly income and benefits thanks to the new artificial intelligence functions and the stability of the digital advertising market.
Google Cloud income increased almost 32%, well above estimates that pointed to an increase of 26.5%.
“With this solid and growing demand for our cloud products and services, we are increasing our investment in capital expenses,” said the executive president Pichai sundar In a statement on the results.
Google had previously promised some US $ 75,000 million In capital spending this yearpart of the more than 320,000 million dollars that great technology are expected to develop AI capacities.
Google.jpg artificial intelligence courses
The companies defended their aggressive expense in artificial intelligence amid the growing competition of Chinese rivals and the frustration of investors for slower results than expected, stating that these huge investments are necessary to boost growth and improve their products.
Alphabet registered total income of US $ 96,430 million in the second quarter ending on June 30, compared to the average estimate of analysts of about US $ 94,000 million, according to data collected by LSE.
The advertising income of Google, which represents about three quarters of the total sales of the technological, increased by 10.4% Au $ S71,340 million in the second quarter, exceeding the expectations of US $ 69,470 million, according to LSE data.
Source: Ambito
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