Google-parent Alphabet’s profit slips as growth slows

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AFP

San Francisco (AFP) – Google-parent Alphabet reported Tuesday its profit and revenue slipped as the internet giant’s long sizzling ad revenue growth cooled, but the market seemed relieved the news wasn’t worse. Big tech firms are grappling with multiple problems, from inflation to the war in Ukraine, and results in general for the quarter have not been great so far. Alphabet’s revenue in the latest quarter grew 13 percent to $69.7 billion, with its global search and cloud computing services bringing in most of the money — but this was under analysts’ expectations. “I think it’s a good time to…

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