Alphabet Inc. (NASDAQ: GOOGL) published its earnings report for the fiscal first quarter on Tuesday that topped analysts’ estimates for earnings and revenue. 1. Financial performance Alphabet reported £12.90 billion of net income in the first quarter that translates to £18.91 per share. In the comparable quarter of last year, its net income was capped at a lower £4.92 billion, or £7.10 per share. In the prior quarter (Q4), Alphabet’s net income registered at £11.15 billion. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Excluding traffic acquisition costs, the American multinational’s revenue printed at £32.80 billion versus the year-ago figure of £24.24 billion. Overall revenue jumped 34% in Q1 to £39.77 billion. According to FactSet, experts had forecast £37.08 billion of total revenue and £11.33 of earnings per share. 2. Sales from individual business segments At £22.94 billion, Search sales were better than the same quarter last year. Alphabet saw a 49% annualised growth in Q1 YouTube ad sales. Google’s Cloud revenue, the California-based company added, climbed by 46% in the first quarter. Operating margin, the parent company of Google said, improved in the recent quarter to 30% from 19% last year. 3. Share repurchase programme Alphabet’s board authorised an additional £35.96 billion of share buyback (Class C capital stock) on Tuesday. Referring to her conversation with Alphabet’s CFO Ruth Porat, CNBC’s Deirdre Bosa said on ‘Closing Bell’: “She (Ruth Porat) mentioned that the additional $50 billion buyback was part of the continuation of their existing programme. She said the primary use of the capital is still to support long-term growth. They’re going to be investing it back into the business. She did, however, note that the pace of buyback has increased over the last few years. Commenting on if it’ll be another investment year for the Cloud business and whether they’d be looking for profitability, Bosa quoted Porat as having said: “There’s still a sizeable opportunity, so there’s approach there has not changed.” Bosa also highlighted the CFO’s remarks on privacy, who said: “Privacy is absolutely core to what we do.
The Chinese firm Huawei is in the limelight again for allegedly snooping on the Dutch prime minister's phone calls, with the information used to track down Chinese dissidents. This was a while back and it only came to light now because back then the Dutch were worried about exposure. Huawei was able to do this because they have core components in the Netherlands' mobile network. The result was that Huawei employees could not only listen in on any conversation but also identify those in the conversations across their 3G and 4G networks. Even today, the Chinese have admin-level access due to the network management outsourcing deal. Huawei strenuously denied any wrongdoing but those thinking that their 5G Huawei networks will be safe might want to rethink this or look very carefully at the access granted under the contracts. - With 40 years of gameplay behind me, I declare RAID Shadow Legends as the worst game ever, yes even worse than, and I never thought I'd ever write this, Evony. It is a micro-pay game that pretends to be free but any meaningful progress requires money and large sums of it.
Microsoft Corp (NASDAQ: MSFT) reported its financial results for the fiscal third quarter on Tuesday that topped analysts’ estimates by a significant margin, despite the ongoing COVID-19 disruptions. 1. Financial performance Microsoft reported £11.12 billion of earnings in the third quarter that translates to £1.46 per share. The tech giant’s earnings in Q3 were bolstered by a net income-tax benefit worth £445.91 million. In the same quarter last year, Microsoft’s per-share earnings were capped at a lower £1.01. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The American multinational generated £29.99 billion of revenue in the recent quarter versus the year-ago figure of £23.78 billion. According to FactSet, experts had forecast the company to post £29.52 billion of revenue and £1.28 of earnings per share. Earlier in April, Microsoft bought Nuance Communications for about £8.37 billion. 2. Revenue from individual business segments Azure sales, Microsoft added on Tuesday, jumped 50% in the third quarter. The segment (Intelligent Cloud) at large, on the other hand, posted £10.86 billion of total revenue, compared to £8.83 billion last year and £10.74 billion expected. Revenue from productivity and business solutions printed at £9.78 billion, beating both last year’s figure and FactSet consensus for Q3. At £9.35 billion, more personal computing revenue came in better than £7.91 billion in the comparable quarter of the previous year, and £9.03 billion expected. 3. Guidance for the fiscal fourth quarter For the fiscal fourth quarter, analysts are