Alphabet Says It's Better Able to Weather a Recession Than It Was in 2008 [TheStreet.com]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: TheStreet.com
In an uncertain time for advertising, Alphabet is talking up its progress in other areas of the sprawling business.(GOOGLGet Reportwere key drivers in Alphabet’s 13% growth in the quarter“Alphabet is more resilient than the vast majority of tech companies,” wrote Daniel Elman, an analyst at Nucleus Research, in an email.Alphabet’s overall revenue for the quarter was $41.16 billion, and of that, YouTube ad sales contributed $4 billion and Google Cloud $2.8 billion. Management pointed to growing engagement with cloud services, such as G Suite, as well as enhancements to itsYouTube advertising servicesOn a call with shareholders, CEO Sundar Pichai said that the company is in a better position to weather an economic storm than it was in the global economic crisis of 2008.“Our business is more diversified than it was in 2008,” said Pichai. “For example, Cloud. In the public sector, we are helping governments deliver critical health and social services. We are supporting the state of New Yo
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