secwatch.observer — SEC 8-K summary
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Issuer:     Alphabet Inc. (GOOGL)
CIK:        0001652044
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001652044-23-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alphabet Q2 revenue $74.6B (+7% YoY); Cloud turns profitable; CFO Porat to become President & CIO
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- Revenue $74.6B (+7% YoY); diluted EPS $1.44 (vs $1.21); operating margin 29% (vs 28%).
- Google Cloud operating income $395M (first profit) vs loss of $590M a year ago; Cloud revenue $8.03B (+28% YoY).
- CFO Ruth Porat to become President & CIO effective Sept 1, 2023, while continuing as CFO until successor found.
- Workforce reduction charges $2.0B H1 2023; office space optimization charges $633M; 181,798 employees as of June 30.
- Depreciation reduced by $966M in Q2 due to longer useful lives of servers and network equipment; net income impact $752M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652044/000165204423000067/0001652044-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652044/000165204423000067/goog-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001652044-23-000067

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