Tech Brew Ride Home Wed. 04/27 – Earnings Quick Hits
Apr 27, 2022
Discover the highlights of recent earnings from Alphabet and Microsoft's contrasting fortunes. DJI takes a stand by halting its operations in conflict zones, while Google steps up with new media delivery tools. Apple pushes for DIY iPhone repairs, sparking conversations around tech repairability. Dive into the frustrating world of autocorrect, exploring why it keeps getting the simple stuff wrong and challenging users to take control of their typing experience. It's a blend of corporate news and tech quirks you won't want to miss!
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Alphabet Q1 Earnings Mixed
- Alphabet's Q1 revenue grew by 23%, reaching $68.01 billion, but net income dropped to $16.44 billion.
- Despite Google Cloud's growth, it still reported an operating loss, while the board authorized $70 billion in share repurchases.
Microsoft Q3 Shows Steady Growth
- Microsoft's Q3 revenue increased by 18% to $49.4 billion, with net income up 8% at $16.7 billion.
- Cloud revenue was a key driver, growing 32% to $23.4 billion, and over 10 million people have streamed games on Xbox Cloud Gaming.
Robinhood Layoffs After Rapid Growth
- Robinhood is laying off 9% of its full-time employees after rapid headcount growth between 2019 and 2021.
- CEO Vlad Tenev attributes the layoffs to duplicate roles and a need for improved efficiency amidst declining stock prices.