Google-Salesforce Deal Looks Increasingly Improbable
17 years ago

Google-Salesforce Deal Looks Increasingly Improbable

Wired  

Given the economy's rapid slide into a recession, the chances of a Google-Salesforce deal look increasingly unlikely. We've seen all sorts of variations on the story, including one rumor that surfaced last month suggesting Salesforce approached Oracle about a merger that would value the company at $75 per share. When rumors first surfaced about an Oracle-Salesforce deal, analysts said that Larry Ellison's personal stake in NetSuite, coupled with Oracle's 2006 acquisition of Siebel, would prevent Oracle from outright buying Salesforce. In addition to Salesforce for Google AdWords, the two companies often sing each other’s praises during corporate events and presentations," Joel Fishbein Jr., an analyst with Lazard Capital Markets wrote in a note published last month. While a Google-Salesforce marriage might have seemed reasonable last year, before the recession appeared imminent, it looks increasingly unlikely in the current economic climate, especially since Salesforce would be a pricey acquisition: The company's shares currently trade at a 388.8 price-to-earnings ratio.

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History of this topic

Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history
6 days, 9 hours ago

Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history

Associated Press  

SAN FRANCISCO — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire. Wedbush analysts called Google’s move to buy Wiz “a shot across the bow” at other tech giants, particularly Microsoft and Amazon, who …

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors
1 month, 2 weeks ago

Google’s ad sales rose at robust rate in holiday season, but AI-driven numbers let down investors

Associated Press  

SAN FRANCISCO — Google’s digital ad sales continued to grow at a healthy clip during the holiday season, but that wasn’t enough to offset investors’ worries about whether its big bet on artificial intelligence will yield as big a jackpot as once envisioned. The October-December results released Tuesday by Google parent Alphabet Inc. showed the company is continuing to reap …

Alphabet's Strong Performance Offers Clues for the Future of Google
4 months, 3 weeks ago

Alphabet's Strong Performance Offers Clues for the Future of Google

Live Mint  

Google's Q3 results show strong performance, with revenue and operating income exceeding Wall Street expectations. The company's cloud-computing operation, Google Cloud, saw significant growth, while its services segment generated a healthy profit despite some concerns about AI spending. Despite the challenges posed by antitrust cases, Alphabet is committed to delivering a robust bottom line and maintaining its status as a …

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%
4 months, 3 weeks ago

Alphabet beats sales estimates on Google Cloud growth, revenue jumps to $74.6 billion and shares rise 5%

Live Mint  

Google parent Alphabet Inc. reported third-quarter sales that climbed more than analysts expected, helped by robust demand for cloud computing services from companies racing to develop or adopt artificial intelligence. “In cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals,” Alphabet Chief Executive Officer Sundar Pichai said in the …

Google's AI-Fueled Profits Continue Despite Regulatory Threats
Trending News
4 months, 3 weeks ago

Google's AI-Fueled Profits Continue Despite Regulatory Threats

Associated Press  

Google's financial performance remains strong despite challenges from AI and regulatory scrutiny. The company's profits and revenue increased due to its moneymaking machine powered by its search engine, but this is primarily attributed to the AI investments. The company is facing legal challenges from the US Department of Justice and Virginia state authorities regarding its search engine and digital advertising …

Google is more resilient than its AI stumbles imply
11 months, 3 weeks ago

Google is more resilient than its AI stumbles imply

Live Mint  

Alphabet Inc., Google’s parent company, saw its share price rise 8% during the first quarter. A trial stemming from the Justice Department’s antitrust lawsuit against the company took up several weeks during the fall of 2023, and left Wall Street with a growing worry of a bad outcome that could include steep financial penalties and even a breakup of the …

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024
1 year, 1 month ago

Google Being Penny Wise, Pound Foolish: Spent over $2bn laying people off in 2023, $700mn in 2024

Firstpost  

Google spent a substantial $2.1 billion on severance packages and associated costs while downsizing its workforce by over 12,000 employees throughout 2023, as per a report by The Verge. Key contributors to this growth were Google’s core digital advertising and cloud computing businesses, which demonstrated consistent expansion, attributed by CEO Sundar Pichai to investments in generative AI. Despite the layoffs, …

What It Takes for A.I. to Ruin Google’s Weekend
1 year, 5 months ago

What It Takes for A.I. to Ruin Google’s Weekend

Slate  

This article is from Big Technology, a newsletter by Alex Kantrowitz. The downside of not making it work, the senior engineer said, was “too large, for Anthropic, for Google Cloud, and for Google,” according to documents I reviewed. One week after Google initiated the sprint, Anthropic announced it had landed a new investment of up to $4 billion from Amazon …

Google's parent reports slowest quarterly growth in 2 years
2 years, 7 months ago

Google's parent reports slowest quarterly growth in 2 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s revenue growth during the …

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year
2 years, 11 months ago

Google Is Going To Invest $9.5 Billion For Offices, Data Centers In US This Year

News 18  

– Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. Google will continue to invest …

Sundar Pichai outlines Google’s investment plan to create as many as 12,000 jobs
2 years, 11 months ago

Sundar Pichai outlines Google’s investment plan to create as many as 12,000 jobs

Live Mint  

Alphabet Inc's Google said on Wednesday it plans to invest about $9.5 billion across its US offices and data centers this year, up from $7 billion last year. Google said the investment will create at least 12,000 full-time jobs in 2022 and focus on data centers in several states including Nevada, Nebraska and Virginia. In addition, the Android app economy …

Google propels record Alphabet revenue, driving shares up 8%
3 years, 1 month ago

Google propels record Alphabet revenue, driving shares up 8%

The Hindu  

Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets. Alphabet's sales jumped 32% to $75.3 billion in the fourth quarter, for a third straight quarterly sales record and topping the average estimate of $72 billion …

Google growth marred by disappointing result in YouTube, cloud computing sectors
3 years, 4 months ago

Google growth marred by disappointing result in YouTube, cloud computing sectors

Hindustan Times  

Google parent Alphabet Inc. reported quarterly sales that topped Wall Street estimates, reflecting robust advertiser spending, but disappointing results from its YouTube and cloud-computing divisions weighed on the stock. Chief Executive Officer Sundar Pichai has tried to keep Alphabet’s revenue engine chugging along by prioritising three areas: e-commerce, YouTube, and cloud computing. Chief Financial Officer Ruth Porat said on a …

Google ad rebound offsets Alphabet's first-ever sales drop
4 years, 7 months ago

Google ad rebound offsets Alphabet's first-ever sales drop

India Today  

Google’s ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company. Alphabet shares were barely changed at $1,552, above their pre-pandemic high, after it said revenue fell 2 per cent in the second quarter, less than analysts’ …

Google is making a $2.6 billion bet on the cloud
5 years, 9 months ago

Google is making a $2.6 billion bet on the cloud

CNN  

New York CNN Business — Google and its parent company Alphabet are making a multi-billion bet on the cloud. Google said Thursday that it has agreed to acquire Looker, a business intelligence platform, for $2.6 billion in cash to bolster its cloud computing division by providing customers with more powerful data analytics. “The combination of Google Cloud and Looker will …

Google to invest $550 million in Chinese e-commerce giant JD.com
6 years, 9 months ago

Google to invest $550 million in Chinese e-commerce giant JD.com

Live Mint  

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. Company officials said the agreement initially would not involve any major new Google initiatives in China, where the company’s main services are blocked over its refusal to censor search results …

Google’s new spending surge shows a company that is playing catch-up
6 years, 11 months ago

Google’s new spending surge shows a company that is playing catch-up

Live Mint  

San Francisco: Alphabet Inc.’s first-quarter results came with a clear message to Wall Street: The company is embarking on a new spending binge to chase its biggest rivals. Google’s parent posted the strongest sales growth in almost four years on Monday, indicating marketers kept flocking to its services amid rising scrutiny of digital ads. Chief executive officer Sundar Pichai told …

Google’s new spending binge shows a company playing catch-up
6 years, 11 months ago

Google’s new spending binge shows a company playing catch-up

Hindustan Times  

Alphabet Inc.’s first-quarter results came with a clear message to Wall Street: The company is embarking on a new spending binge to chase its biggest rivals. Google’s higher spending in the first quarter shaved operating profit margins to 22 percent from 27 percent a year earlier. Google’s parent posted the strongest sales growth in almost four years on Monday, indicating …

Google hiring more people outside Silicon Valley in US
7 years, 1 month ago

Google hiring more people outside Silicon Valley in US

India TV News  

Google is hiring thousands of people outside of its Silicon Valley base in the US and will build five more data centres in the country this year. In an investors' call, CEO Sundar Pichai said that Google would be "making significant investments in offices across nine states, including Colorado and Michigan". Riding on Google's growing ad business, Alphabet Inc on …

Google's parent company Alphabet share price drops after profit targets are missed
8 years, 1 month ago

Google's parent company Alphabet share price drops after profit targets are missed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alphabet, the parent company of …

Google parent Alphabet profit surges on mobile, video ads
8 years, 4 months ago

Google parent Alphabet profit surges on mobile, video ads

Live Mint  

Bengaluru: Google parent Alphabet Inc. bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for the mobile era and is closing in on the next wave of computing. Google has been dogged by concerns about how it would nudge its vast web advertising business towards mobile, but the …

Alphabet Lets Google Chase Moonshots and Stay Profitable
9 years, 7 months ago

Alphabet Lets Google Chase Moonshots and Stay Profitable

Wired  

Colorful blocks with alphabet letters Daniel Grill/Getty Images Google is now many Googles. Company co-founder Larry Page said in a blog post Monday that Google is reorganizing into multiple companies that will sit under a new umbrella operation called Alphabet. Core businesses---Search, YouTube, and Android---will operate semi-separately from Google's myriad "moonshots," including the X lab and Page's various life science …

Google is the new Microsoft. Uh-Oh.
10 years, 2 months ago

Google is the new Microsoft. Uh-Oh.

Live Mint  

Google Inc. prints money. Citigroup Inc. analyst Mark May says that 60% of Google’s mobile search revenue in 2014 came from the Apple deal. Despite all the talk about Google’s much vaunted moonshots—self-driving cars and Google Glass, internet-connected balloons and drone deliveries—the company is still basically a purveyor of cheap online ads that it sells at massive volume against the …

Google to strategically invest in Android, Chrome
11 years, 1 month ago

Google to strategically invest in Android, Chrome

India TV News  

New Delhi: Pumped up by robust demand for content, apps and devices across its platform, search giant Google is set to make "strategic" investments in Android, Chrome, YouTube and Enterprise, among others, to further shore up revenue. The company, headquartered in Mountain View, California, said last week that consolidated revenue rose 17% to $16.86 billion in the October-December quarter, helped …

Google's Q3 results see revenue rise by 23 percent, shares soar
11 years, 5 months ago

Google's Q3 results see revenue rise by 23 percent, shares soar

Firstpost  

Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola. San Francisco: Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola. Paid clicks …

Google's Q3 results see revenue rise by 23 percent, shares soar
11 years, 5 months ago

Google's Q3 results see revenue rise by 23 percent, shares soar

Firstpost  

Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola. San Francisco: Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola. Paid clicks …

Google 2012 revenue hits $50 billion, profits up 6.7%
12 years, 2 months ago

Google 2012 revenue hits $50 billion, profits up 6.7%

India TV News  

San Francisco, Jan 23: Google eked out slightly higher earnings in the fourth quarter, despite a financial drag caused by the Internet search leader's expansion into device manufacturing and a decline in digital ad prices as more people gaze into the smaller screens of smart phones. Google's fourth-quarter ad revenue totalled $12.1 billion, a 19 per cent increase from the …

Google defies global economy: Q2 revenues up 21 percent
12 years, 8 months ago

Google defies global economy: Q2 revenues up 21 percent

Firstpost  

Google’s core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company’s online advertising. “I need a bit of patience for us to complete our homework,” Pichette said, when asked about Google’s views on Motorola’s television set-top box business. Google’s headcount swelled to …

Google defies global economy: Q2 revenues up 21 percent
12 years, 8 months ago

Google defies global economy: Q2 revenues up 21 percent

Firstpost  

Google’s core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company’s online advertising. “I need a bit of patience for us to complete our homework,” Pichette said, when asked about Google’s views on Motorola’s television set-top box business. Google’s headcount swelled to …

Google is searching for clues to fix margin error
13 years, 8 months ago

Google is searching for clues to fix margin error

Firstpost  

Costs which are spiralling may give the Internet company a hard time. “A declining margin scenario is never good for any stock, no matter how cheap it looks,” said Sameet Sinha, an analyst with B Riley & Co. What might come to its rescue is new social networking service, dubbed Google+. Sinha said Google+ may take some of the heat …

Yahoo agrees ad deal with Google
16 years, 9 months ago

Yahoo agrees ad deal with Google

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Microsoft's plan to establish a …

Google profits soar in 2nd quarter
18 years, 7 months ago

Google profits soar in 2nd quarter

China Daily  

Google Inc., the U.S.-based web search firm, announced last week its profits have more than doubled in the most recent quarter. Last week’s earnings figures significantly beat market expectations, and sent shares of Google up nearly two percent in after hours trading on Thursday. Google CEO Eric Schmidt said, "I think this shows that the model is working -- that …

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