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This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.
- 2021: 156,500
Earlier quoted context omitted.
I think they have proved that it's a incinerator at this point.
Waymo _might_ be the sole survivor here... they are ABSOLUTELY trying their damndest with it. It's remarkable to not go a single day without seeing a driverless Waymo doing its thing. (I live in Central Phoenix, they're _everywhere_.) The core concept is being proven pretty well, in markets with good weather and good roads at least... whether they can achieve some sort of critical mass that allows them to recoup any…
My math says that's about 25 trips per day to break even in two years (modulo maintenance costs).
Summary from the release for Q4: - Revenue increased from $76B to $86B (13% increase) - Operating income increased $18.1B to $23.7B - Net income increased $13.6B to $20.7B - Diluted EPS increased $1.05 to $1.64
Okay so why is GOOG -4% in after hours this time? :)
I've seen Google blow away earnings and all expectations and be down 10%, and completely miss expectations and pop up 5%.
Earlier quoted context omitted.
I guess a significant number of employees are just working really hard on things that don't matter. When every single thing that needs working on is already being worked on, a lot of people are going to be doing busy work. There was a post by Stevie Yeggie where he talked about working at google. he looked really hard to find a new project to lead but absolutely everything was already being worked on, he found. event…
But isn't that just bad management / prioritization? Isn't the solution to just shuffle people to more useful projects instead of firing them? Especially at a company that hires general engineers who can work on any project, and also at a company that has a lot of internal tooling which makes ramping up new engineers slow and tedious. They'll probably grow back to 190k within a few months, but those 8k new hires will…
Because all the high value stuff(high ROI stuff) is already done or already being worked on. all that's left is low ROI projects which take up huge amounts of time but bring little value. employees and managers know they generate little value, so they end up doing more of them to compensate which makes the problem even worse as there's less and less high value stuff to do.
there's just too few opportunities, hence the need to expand into new industries.
Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.
Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.
Summary from the release for Q4: - Revenue increased from $76B to $86B (13% increase) - Operating income increased $18.1B to $23.7B - Net income increased $13.6B to $20.7B - Diluted EPS increased $1.05 to $1.64
Okay so why is GOOG -4% in after hours this time? :)
Summary from the release for Q4: - Revenue increased from $76B to $86B (13% increase) - Operating income increased $18.1B to $23.7B - Net income increased $13.6B to $20.7B - Diluted EPS increased $1.05 to $1.64
Okay so why is GOOG -4% in after hours this time? :)
But the numbers appear to be billion (no way revunue 80mil) in the following table? what am i missing