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Wait, they spent extra $30 billions in a quarter for research, development and marketing? "Alphabet reported that its revenue rose 20 percent to $40.5 billion
by xorand 7y ago
Wait, they spent extra $30 billions in a quarter for research, development and marketing?
"Alphabet reported that its revenue rose 20 percent to $40.5 billion for the third quarter, but that profit dropped to $7.07 billion. Profit, which missed Wall Street forecasts, was hurt by rising costs for research and development and marketing, the company said."
- deleted 7y ago[deleted]
- skinnymuch 7y agoThey have many other expenses outside R&D. Their profit dropped 23% according to article. They were never doing $37B in profit a quarter.