Google reports 10% YoY revenue growth with great momentum on Pixel devices and cloud subscriptions

Alphabet posted its Q4 and FY 2022 earnings report earlier today and reported revenue earnings of $76 billion for the October-December 2022 period and $283 billion for the fiscal year. The Q4 figure is a mere 1% increase compared to Q4 2021 while the FY revenue figure saw a 10% gain. Net income/profit for Q4 2022 ($13.6 billion) is down 33% compared to Q4 21 to while the yearly figure dropped by 21% from $76 billion in 2021 to $60 billion in 2022. Alphabet CEO Sundar Pichai commented that the company is “on an important journey to re-engineer our cost structure in a durable way and to...