Can Alphabet Thrive Amid Macroeconomic Headwinds?
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is scheduled to report fiscal 2022 second-quarter earnings after the markets close on Tuesday, July 26. The advertising industry giant will update investors on its performance amid macroeconomic headwinds caused by the coronavirus pandemic and exacerbated by the Russian invasion of Ukraine.
Most of the technology sector is in a brutal bear market, and Alphabet's shares are caught up in the mess, down 24% so far this year. Let's look at how Alphabet has grappled with headwinds so far to get an idea of what it will report when it announces Q2 financial results on July 26.
In its most recent quarter, which ended on March 31, Alphabet reported revenue of $68 billion. That was an increase of 23% from the same quarter the year before. Notably, that was higher than the compounded annual growth rate of 21.1% that Alphabet had delivered in the previous decade. In other words, so far, the factors emerging from the pandemic have helped boost Alphabet's revenue growth above its historical rate.
Source Fool.com
