Alphabet Inc., Google’s parent company registered income in the fourth quarter that did not meet expectations of analysts because the growth of their cloud business slowed down. The actions fell more than 8%.
Sales, not counting payments to partners, They were US $ 81,600 million, Alphabet said Tuesday in a statement. The analysts had projected US $ 82.8 billion, according to data compiled by Bloomberg.
The company also projected US $ 75,000 million in capital expenses by 2025, far exceeding US $ 57.9 billion that analysts expected, related to the construction of data and infrastructure centers for artificial intelligence. ANDSo led to an increase of more than 6% in Broadcom Inc.
Investors have urged Alphabet to demonstrate qIt maintains the impulse in your businesses as your investment in AI increases and competition is intensified in that market. The cloud unit of Google had benefited from the AI boomsince emerging companies needed more computer power for their work, but Sales of around US $ 12,000 million in the period ended on December 31 did not reach estimates. Google Cloud is still behind Amazon.com Inc. and Microsoft Corp. in size.
Alphabet fell to US $ 189 in operations after closing, after closing to US $ 206.38. The shares have won 9% so far this year.
