Google and Microsoft both reported very good earnings, driving both stock prices up after hours. I like to dive into the ad revenue side, and it looks like Google Ad revenue was up 13% from last year and Microsoft Advertising revenue was up 12% from last year.And that is good because both companies saw ad revenues increase the previous quarter and the quarter before that.Google reported total ad sales of $61.66 billion — up from $54.55 billion a year ago.GOOG EarningsThe Google earnings release...
Smartphone global shipments have reached double digit growth for the first time since 2021. The biggest winner year-over-year in Q1 was Transsion followed by Xiaomi, the popular Chinese manufacturer.
India’s top IT services exporters are seeing revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand.Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.However,...
Digital ad market bouncing back from 'dark days' of '22 (First column, 18th story, link) Related stories:GOOGLE Seeks to Throw Out Antitrust Case Before Trial
Despite the threat posed to Google’s search dominance by new generative AI competitors, revenue from the channel soared in the first quarter of 2024. Google brought in more than $46 billion in search revenue, a 14% year-over-year increase and the most the company’s search revenue has grown in two years. Google once again branded itself as an AI-first company, with AI developments complementing, and not undermining, its ad offerings. “We have a clear path to AI monetization that includes...
IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year's quarter. Infosys announces final dividend of Rs 20 & special dividend of Rs 8The Bengaluru-based software major forecast that its constant currency revenue...
US-headquartered information technology and professional services firm Cognizant Technology Solutions (Cognizant) posted a decline in net profit by 5.9% year-on-year (YoY) to $546 million YoY, for the first quarter FY24 ending March due to a continued slowdown in discretionary spending by clients.The Nasdaq-listed firm had posted a net profit of $580 million in Q1 of FY23.Cognizant, whose majority of employees are based in India, follows the calendar year cycle from January to December.During...
Disappointing readings on GDP and inflation helped tank equities.
The Greater Manchester sportswear seller is set to acquire the Alabama company for $87.5 per share, marking a 21% premium on its closing share price on Monday
When it comes to social media marketing, YouTube doesn't always get as much attention as its Meta, TikTok and X counterparts. But brands are actually increasing their marketing spend on the platform. It turns out it's a different story for agencies, though.
Amazon Web Services delivered 17% revenue growth in the first quarter,
The Volkswagen Group announced on Tuesday that its sales revenue in the first quarter of fiscal 2024 landed at €75.5 billion, declining by 1% compared to the same period a year earlier.Vehicle sales w