Alphabet disclosed YouTube and cloud revenue for the first time on Monday, but investors looking for the bottom-line numbers are still out of luck.
, Alphabet isn't providing profitability numbers, limiting its operating income reporting to Google and "Other Bets," which includes the Waymo self-driving car unit, life sciences company Verily and the venture investment arms.
A glimpse into profits is critical for investors looking to gauge how much Google is spending on sales and marketing in order to play catch-up to Amazon andin cloud infrastructure, and whether all the new entrants into streaming video are putting pressure on YouTube margins. On the conference call with analysts, Chief Financial Officer Ruth Porat reiterated the company's plan to triple the size of its cloud sales force.
Jake Dollarhide, CEO of Longbow Asset Management, which owns Alphabet stock, said shareholders always want more disclosures, but tech companies are so beloved by Wall Street at the moment that they thrive with minimal transparency.
Even within the cloud revenue number, Google is offering only limited detail by packaging together sales from the Google Cloud Platform , which is the infrastructure piece, with the G Suite productivity suite that includes Word, Excel and PowerPoint.When compared to Amazon, whichAWS figures in 2015, Alphabet has less of an incentive to break out profits.
that Azure revenue climbed 62% in the quarter from a year earlier, but the company isn't yet saying what that equals in terms of actual dollars.
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