[chartist kao]

the past few years saw tech risen so much after 2009's QE and aggressive money printing schemes now with the reverse aggressive rate hikes we saw


Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/424162c9-c4f6...93b0692326

lphabet’s quarterly revenue growth fell to its slowest pace in two years, but the internet advertising giant said its search and cloud businesses had fared well despite increasing macroeconomic headwinds.

The Google parent on Tuesday reported a 13 per cent rise in revenues during the June quarter to $69.7bn, missing estimates for $70.8bn and marking the fourth consecutive quarterly slowdown compared with the previous year.

Operating margins also slipped to 28 per cent, down 3 percentage points from a year ago. Net income shrank to $16bn from $18.5bn a year ago, missing Wall Street’s prediction of $17.4bn. Earnings per share came in at $1.21, versus analysts’ estimates for $1.27.