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Alphabet Earnings Release FY23 Q3 [pdf]
- atorodius 3y ago182k employees, still! Impressive.
- cmrdporcupine 3y agowow. When I started there end of 2011 it was something like 35,000, and ~20,000 engineers. And even then when I went down to the Googleplex I always walked around stunned absolutely baffled what all those people were doing. (Our office had about ~300 people back then)
- goalonetwo 3y agowhat are all those people doing?
- oh_sigh 3y agoI'm posting on hacker news!
- wepple 3y agoYou’d be surprised the challenges that crop up when a company grows to the size of a FAANG. For all the bad press they get, Timmy’s little acronym.io startup doesn’t have to have entire teams to deal with nation state actors trying to use platforms to destabilize global democracy.
- glimshe 3y agoNot working at a competitor.
- resolutebat 3y agoWhy the huge jump from $83M to $1666M in "unallocated corporate costs"? The footnote says only $1M of that was hedging losses.
- mattlondon 3y agoRedundancy payouts?
- gniv 3y agoRead further down, under "Reductions in Our Workforce and Office Space" Edit: That’s only a small part indeed.
- resolutebat 3y agoThis totals only ~$310M for Q3: Employee severance and related charges: $86 million Real estate exit charges: $16 million Accelerated rent and accelerated depreciation: $207 million Looks like Google Brain/Deepmind accounts for most of the remaining $1B-plus.
- y04nn 3y agoIt's explained the paragraph above. > As announced on April 20, 2023, we brought together part of Google Research (the Brain team) and DeepMind to significantly accelerate our progress in artificial intelligence (AI). The group, called Google DeepMind, is reported within Alphabet's unallocated corporate costs prospectively beginning in the second quarter of 2023. Previously, the Brain team was included within Google Services.
- lancewiggs 3y ago"As announced on April 20, 2023, we brought together part of Google Research (the Brain team) and DeepMind to significantly accelerate our progress in artificial intelligence (AI). The group, called Google DeepMind, is reported within Alphabet's unallocated corporate costs prospectively beginning in the second quarter of 2023. Previously, the Brain team was included within Google Services."
- jsnell 3y agoThat's not it, the 2022 segment numbers have been recast to account for that reporting change. Most of the difference seems to be explained in the "Reductions in Our Workforce and Office Space" section ($870M) and a reduction in hedging gains ($639M).
- ocdtrekkie 3y ago[flagged]
- cheeselip420 3y agoyou do realize that you fire people (especially those NOT adding value), you'll make more profits?
- mfrc 3y agoThat isn't how it works.
- mertbio 3y agoThey have ~4.000 less employees comparing to the previous year.
- dang 3y agoWould you please stop posting these? Pre-existing agendas aren't ok on HN because they aren't curious conversation. Obviously criticisms of $BigCo are fine on HN (every thread fills up with them anyhow), but the high-order bit should be curiosity. Taking HN threads on generic flame tangents in a fixed and repetitive way, which your account has been doing for a long time now, is not what this site is for. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- ocdtrekkie 3y agoI will follow up with you by email regarding this incident within the next day or so.
- dang 3y agoPlease just stick to the intended use of the site. Any fixed agenda is tedious, and you've been prosecuting one on HN for many years. It should go without saying, but I suppose I'll add that this has nothing to do with agreeing or disagreeing with you, only with what HN is for (and what it is not for).
- 3y ago
- mfrc 3y agoCloud missed; shares fell :(
- etamponi 3y agoThanks for explaining the after market drop! What was the target for cloud?
- resolutebat 3y agoGoogle’s cloud business fell short of Wall Street's estimates, topping out at $8.41 billion in the quarter versus expectations of $8.6 billion. https://finance.yahoo.com/news/alphabet-q3-earnings-123119768.html https://finance.yahoo.com/news/alphabet-q3-earnings-12311976...
- CSMastermind 3y agoDo you think they give up on Google Cloud at some point?
- dekhn 3y agothey might trim some infrequently used features but I can't see them completely killing Google Cloud- not only does it make money (the only real money other than ads), the reputational hit would be immense. Imagine telling thousands of enterprises they have to move petabytes to a competitor.
- impulser_ 3y agoGoogle is still the greatest business of all time. Despite people thinking it was heading for a decline due to Bing, ChatGPT, AI ect. It just posted another quarter with all-time high revenue and this year will be its best year ever. All sectors are growing and profit, minus other bets. 120B in cash. 25 years of growth without a single year of revenue decline is crazy at 300B yearly revenue.
- empath-nirvana 3y agoThe iphone was released in 2007. Blackberry posted their best quarter in _2011_. Companies that are dead men walking frequently post record-breaking revenue long after someone else has drank their milkshake.
- paulpauper 3y agoppl been saying this for the past decade. There is nothing even close on the horizon to replace Google ads or search. Even if Chat GPT gains some traction for search, which is unlikely, it's not a threat at all to Google's mobile ads dominance. Despite endless promotion for the past 12 years, hardly anyone uses Duck Duck Go.
- wangii 3y agocouldn't agree more. From another point of view, it's time to end the dominance of company G, it has been killing the internet for too long: google ads are now just G tax.
- impulser_ 3y agoThe iPhone was instantly taking market share from BlackBerry from release. By 2011 they already had ~20% of the market share. The same market share they hold today. Google still hold a dominate position in Search with ~85% of the market share. The same market share they had for the past decade. No one is taking the market from them. Their Ads business has more competition that every before, yet it still a growing business. The only company that has taken significant share from that has been Meta and that has slowed significantly for the past 3-4 years now. So who is going to destroy Google's business like the iPhone did to BlackBerry? You can't build a significant Ad business overnight and Ads aren't going anywhere. Google has more 1 billion users application than any other company in the world most of them are contain Ad space for them to sell. The only threat to Google is Meta and again Meta hasn't been a threat for the past 3-4 years.
- isusmelj 3y agoCan anyone explain why servers are now more useful for longer than they used to be? I feel the world is spinning faster, and new tech comes out faster. Especially with faster networking and more compute. In the document they mention this: In January 2023, we completed an assessment of the useful lives of our servers and network equipment and adjusted the estimated useful life of our servers from four years to six years and the estimated useful life of certain network equipment from five years to six years. This change in accounting estimate was effective beginning in fiscal year 2023, and the effect was a reduction in depreciation expense of $977 million and $2.9 billion and an increase in net income of $761 million and $2.3 billion, or $0.06 and $0.18 per basic and $0.06 and $0.18 per diluted share for the three and nine months ended September 30, 2023, respectively.
- dekhn 3y agoThey aren't; this is an accounting change.
- buildstatements 3y agoThere are many tasks for which speed is not an absolute requirement. I bet there are lots of places that parallelisation makes more computers within the ballpark of acceptable performance perfectly cromulent to keep around. Heck, my 2015 mac is a perfectly serviceable media player when I watch sport.
- 3y ago