Alphabet growth slows, despite cloud performance

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

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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