Alphabet Profit Margins Slide as Google Costs March Upward
- Company invests heavily in data centers, YouTube, hiring
- Revenue beats Wall Street estimates; CFO on hunt for deals
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Google parent Alphabet Inc. reported thinner profit margins as the internet giant spent heavily to expand its cloud and YouTube businesses.
Google’s fourth-quarter capital expenditures jumped 80 percent to $6.85 billion. The company’s operating margin, a closely watched measure of profitability, was 21 percent, down from 24 percent.