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Alphabet stock rises as profit forecasts fall on strong cloud growth


Alphabet stock rises as profit forecasts fall on strong cloud growth

Shares of Google parent Alphabet (GOOG, GOOGL) rose 6% in after-hours trading on Tuesday after the company reported fiscal third-quarter earnings that beat analysts' estimates for revenue and profit, reflecting strong growth in its cloud business. The search giant reported earnings per share of $2.12 on revenue of $88.27 billion for the quarter ended September […]

Sundar Pichai, CEO of Google, announces big changes in the company's leadership; Read his memo to Googlers


Sundar Pichai, CEO of Google, announces big changes in the company's leadership; Read his memo to Googlers

Google has announced a major leadership reshuffle. In a memo to employees, also posted online, Google CEO Sundar Pichai announced that the company long-time search head Prabhakar Raghavan will move into the role of chief technologist. Apart from search, Senior Vice President Raghavan is responsible for ads and a few other key segments.Raghavan, who has […]