Alphabet has reported revenue of $68bn for its third quarter of 2022, a 6% increase over last year. The company’s results were impacted by fluctuating currencies, and Alphabet said it would be working to realign resources to fuel its highest growth priorities.
Google Cloud Platform reported revenue growth of $6.9bn. “The long-term trends that are driving cloud adoption continue to play an even stronger role during uncertain macroeconomic times,” said CEO Sundar Pichai in the transcript of the earnings call posted on Seeking Alpha. “Google Cloud helps customers to solve today’s business challenges, improve productivity, reduce costs and unlock new growth engines.”
