secwatch.observer — SEC 8-K summary
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Issuer:     Alphabet Inc. (GOOGL)
CIK:        0001652044
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001652044-23-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alphabet Q1 revenue $69.8B, up 3%; Cloud turns profitable; authorizes $70B buyback
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- Revenue $69.8B, up 3% YoY (+6% CC); GAAP diluted EPS $1.17 (vs $1.23).
- Google Cloud revenue $7.5B (+28% YoY); operating income $191M, turning profitable from loss $706M.
- Recorded $2.6B in charges from workforce reduction ($2.0B severance) and office space optimization ($564M).
- Board authorized additional $70B share repurchase program on April 19, 2023.
- Extended server useful life to 6 years, reducing depreciation $988M, boosting net income $770M ($0.06/share).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652044/000165204423000041/0001652044-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652044/000165204423000041/goog-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001652044-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer