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Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

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Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#171
post #47

Earlier quoted context omitted.

I highly recommend reading the excellent book "Financial Intelligence" if anyone wants to actually interpret these numbers. Having read the book, the section "Change in Useful Lives of Our Server and Network Equipment" immediately caught my eye. It's a classic maneuver.

Who’s the author of “Financial Intelligence”? Amazon has multiple books with that title.

I believe: https://www.amazon.com/Financial-Intelligence-Revised-Manage...

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#172

Earlier quoted context omitted.

Color me skeptical, but I've never gotten in a car without having decided my destination first. I don't go to "any supermarket", I go to Supermarket X because they have the goods I need at a price I accept or the best promos that week or whatever. If letting your rideshare company decide your destination was really a thing, why wouldn't Uber be doing it already be doing it with human drivers?

> I've never gotten in a car without having decided my destination first. Not yet... > If letting your rideshare company decide your destination was really a thing, why wouldn't Uber be doing it already be doing it with human drivers? Because Uber isn't an advertising company. They're still chasing fares like scrubs

agreed. adding discoverability and reviews of Google Maps with a self driving ride share button would be a great combo. i switch between maps and Uber apps to accomplish this currently.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#173
post #122
post #4

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.

I got the total employees for the past few years for a comparison: 2019: 118,899 2020: 135,301 2021: 156,500 2022: 190,234 2023: 182,502 https://www.macrotrends.net/stocks/charts/GOOG/alphabet/numb...

Has Google done anything new and major in these years? Like as a product.

So could there still be 10-20% extra as workers?

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#174

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.

Does that mean we'll stop seeing all the alarmist posts about how one should never build on GCP?

If revenue is the only reason to choose a provider, we would all buy Oracle.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#175

Earlier quoted context omitted.

Where did you get the $750K figure? I'm in the Bay Area, Sr Engineer, on the higher end of the pay scale, and no-where close to that figure.

Fully loaded cost. Typically you estimate that an employee costs 2x their total compensation, across various expenses.

Where is that typically? Most of those are had costs for an employee, not % based. Google has employees from $50K to $1mm+, I very much doubt that all expenses double as income doubles.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#176

Earlier quoted context omitted.

You have solid numbers behind your claim? By the way people are asking chatgpt or copilot what they used to Google. Not everything but a lot. I most certainly do and I think I'm not alone.

Isn't Bing Google biggest search competition? Is the general public using chat as a general search engine to replace the more traditional search engine or is it just us tech people. I can tell you I know of no one doing this outside of tech coworkers and even then just use it for programming related tasks to a very limited way. https://www.bloomberg.com/news/articles/2024-01-18/microsoft...

Google's biggest competition is whatever makes people use their search less.

I know for sure some people who use chatgpt in place of Google search like students or people needing translations.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#177
post #171

Earlier quoted context omitted.

Who’s the author of “Financial Intelligence”? Amazon has multiple books with that title.

I believe: https://www.amazon.com/Financial-Intelligence-Revised-Manage...

Yes, I meant the one by Karen Berman. It's a fantastic book, very accessible, and worth reading for anyone interested in business.

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#178
post #147

Earlier quoted context omitted.

The most consistent thing I hear in the hallways is "I really hope they don't make TK the CEO." People in cloud are profoundly unhappy. It's scary.

I would prefer they spin cloud off into its own bet and TK becomes the CEO of a real company (now he's "CEO at Google Cloud", which isn't its own business entity in alphabet, and he reports to "CEO at Alphabet"). I don't see any likely path by which Kurian would become CEO of Alphabet.

[deleted]

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#179
post #152

Earlier quoted context omitted.

Ok, I divided the search revenue into the revenue number above, but it’s missing TAC. 76% is still the vast majority of revenue.

TAC shouldn't be part of that computation. It's an expense, not revenue. (Yes, it's confusing that it's in the same table as the revenue numbers, but so is the headcount and you wouldn't try to work it into the equation somehow.) Also, if you only consider the search revenue you'll err in the opposite direction. It's 55% of their revenue, so pretty soon not even a normal majority. You should look at the "Google Adver…

Thank you!

Re: Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

#180
post #4

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.

To me it shows that Google doesn't know how to generate significant revenue with those eight thousand people. I am worried it indicates Google is running out of good bets and has limited future growth. Of course, the counter argument is that technology allows Google to do more with less people. I am not convinced by this argument, because Google's competition has about the same ability to do more with less people. If…

google doesn't want more bets. It wants best bet possible and for now this bet is ads, that's why so many products are killed
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