Alphabet announces fourth quarter and fiscal year 2021 results
Alphabet Inc (Alphabet) released their fourth quarter and fiscal year 2021 financial results. The company announced continued strong growth and credits their deep investment in AI technologies. In the fourth quarter Alphabet experienced growth in their advertising business, sales of Pixel phones and in the Cloud business. Overall, the company reported fourth quarter revenues of $75.0 billion, up 32.0% year over year. Additionally, Alphabet reported that they were able to decrease depreciation expenses through adjusting the estimated useful life of their servers from 3 years to 4 years. This decreased depreciation expenses by $446.0 million for the fourth quarter and $2.6 billion for the year.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.