Alphabet: revenue soars for Google owner as Covid lockdown boom continues | Alphabet

Google’s parent company, Alphabet, more than doubled its profits to a record $17.9bn (£12.9bn) in the first quarter, as the lockdown-enforced surge in the use of digital services fuels an advertising boom for the Silicon Valley giant. The performance smashed Wall Street’s expectations, with profits jumping 162% year on year Continue Reading

Google denies Peter Costello’s claim it uses Australian news content to boost revenue | Media- Tempemail

Google Australia has said a claim by the Nine Entertainment chairman, Peter Costello, that the global search engine profits from local news content was “demonstrably incorrect”. Costello told Nine’s annual general meeting that the company invested $1bn this financial year in premium content across its platforms – which include Channel Continue Reading

Google’s US ad revenue to take a hit due to pandemic – Software- Tempemail

Google’s US advertising revenue will drop 5.3 percent as brands pare spending during the coronavirus pandemic, according to an eMarketer report, the first decline since 2008 when the research firm began estimating the unit’s ad revenues. The decline for the world’s largest digital advertising company is primarily due to its Continue Reading

Telkom Records R43 billion in Revenue, Up 3% | Tempemail

Image sourced from My Broadband South African network provider, Telkom has delivered a solid top-line performance in the year to 31 March 2020, with revenue increasing 3.0% to R43.0 billion, mainly driven by a 54.4% increase in mobile service revenue. The company says its performance was underpinned by capital investments Continue Reading

Oracle misses revenue estimates on virus-led order delays – Software – Finance- Tempemail

Oracle posted quarterly revenue below Wall Street estimates yesterday as the coronavirus crisis led clients in the hospitality, retail and transportation sectors to postpone purchases. Customers from industries hit hardest by the pandemic pushed back orders as businesses tightened spending to battle a sagging economy. Rival SAP SE had also Continue Reading

Dell Beats Revenue Estimates – Express Computer- Tempemail

Read Article Dell Technologies Inc beat analysts’ estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home due to the coronavirus outbreak. Shares of the company rose 8.3% to $49.38 in extended trading. Revenue from client solutions group, that Continue Reading

SPH and Google join forces to grow subscriptions and ad revenue- Tempemail

Singapore Press Holdings (SPH) and Google have created a joint business plan to grow digital advertising revenue, hunt for subscription audiences in new platforms and develop their digital video content business. The publisher, despite being one of the largest media owners in Singapore, has been unable to compete with Google Continue Reading

ITV ad revenue down 42% in April, but productions slowly return- Tempemail

ITV has revealed that demand for advertising in April fell by 42% year-on-year, showing how dramatically the ad industry has tightened marketing budgets. The broadcaster released its first-quarter earnings for the three months to the end of March, which just lands inside the lockdown window. Total revenue was down 7% Continue Reading