Google parent's profit slips as growth slows

By Agence France-Presse

Jul 28, 2022 12:09 am

SAN FRANCISCO, California: Google parent Alphabet reported on Tuesday (Wednesday in Manila) that its profit and revenue slipped in the second quarter as the internet giant's long sizzling advertisement revenue growth cooled, but the market seemed relieved the news wasn't worse.

Big technology firms are grappling with multiple problems, from inflation to the war in Ukraine, and results in general for the quarter have not been great so far.

TECH TITAN This Nov. 1, 2018 file photo shows the Google logo on display at the firm’s offices in Granary Square, London. AP PHOTO

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