Alphabet growth slows, despite cloud performance

clock • 2 min read
Supply chain issues, inflation concerns and Russia's invasion of Ukraine stymied growth
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Supply chain issues, inflation concerns and Russia's invasion of Ukraine stymied growth

Google parent Alphabet has reported weaker-than-expected revenue for Q1'22, blaming the result on supply chain issues, inflation concerns, and the conflict in Ukraine.

The business logged $68 billion in first-quarter sales, up 23 per cent year-on-year but below the average financial analyst forecast of $68.1 billion (polled by Refinitiv). Quarterly profit was $16.4 billion,...

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