Alphabet Inc. easily beat forecasts for fourth-quarter profit and revenue thanks to strong advertising and cloud computing sales, sending its shares up almost 9% in extended trading. The Google LLC parent reported a fourth-quarter profit of $20.4 billion, or $30.69 a share, up 36% from a year ago. Revenue rose 32%, to $75.3 billion. Net ...

As it spends big on hiring and expanding its supply chain ahead of the holiday season, Amazon.com Inc. today reported lower-than-expected third-quarter profit and revenue — and not even better-than-expected results from its Amazon Web Services Inc. cloud unit could make up for the shortfall. The company reported profit plunged by 49% from a year ...

Updated: A continued surge in advertising and Google Cloud again boosted Alphabet Inc. as the tech giant reported better-than-expected third-quarter revenue and profit today, but its shares sagged on slight misses in cloud and YouTube forecasts. The Google LLC parent reported a quarterly profit of $18.9 billion, or $27.99 a share, up 68% from a ...

Updated: Facebook Inc. initially shrugged off unprecedented challenges and criticism today despite reporting slower-than-expected revenue growth with profit that topped analysts’ estimate. Facebook also announced plans to break off its Facebook Reality Labs unit into a separately reporting unit, and said heavy investment in that segment will reduce 2021 operating profit by a hefty $10 ...

GitLab Inc., which provides a cloud service to enable software developers to share code and collaborate on projects, today announced plans to go public with an initial offering of stock. The San Francisco-based company, which counts among its competitors Microsoft Corp.-owned GitHub and Atlassian Corp. PLC’s BitBucket, didn’t reveal yet how much it plans to raise ...

As Box Inc. battles an activist investor’s demands for changes to the company, its earnings report today may provide a bit of ammunition for the content management firm to keep control ahead of its Sept. 9 annual meeting when investors will essentially vote on its strategy and management team. Since buying about an 8% stake ...

Despite higher-than-expected cloud computing revenue growth, Amazon.com Inc. saw its shares fall about 7% in after-hours trading on a second-quarter revenue shortfall and lower-than-expected guidance for the current quarter. For much of the past year, the pandemic helped Amazon.com Inc. reach new heights as more people shopped online and more businesses flocked to the cloud, ...

Facebook Inc. today easily beat estimates for its second-quarter results, but a warning that growth would slow in coming quarters knocked its stock down in after-hours trading. The company said it earned a net profit of $10.4 billion, or $3.61 a share, slightly more than double its profit a year ago, as revenue jumped 56%, ...

The economy’s fitful emergence from the pandemic drove a big upside surprise in second-quarter earnings at Google LLC parent Alphabet Inc., thanks to advertising on search results and YouTube — as well as an acceleration in cloud computing revenue and a big reduction in cloud unit losses. The advertising and cloud services giant today said ...

Amazon Web Services Inc. has become famous, or perhaps infamous, for the constant introduction of new cloud computing services, so many that customers often have trouble keeping track of them all — and databases are no exception. One of the newest among the at least 15 databases available from AWS is Amazon Timestream, which became generally ...