Alphabet Announces Second Quarter 2023 Results [pdf]

Re:Alphabet Announces Second Quarter 2023 Results [pdf] by spywaregorilla on Tuesday July 25, 2023 @04:56PM (#36869379)

the inflation rate at June 2022 is not what you should use to normalize the growth of a company, YoY, at June 2023. You're off by a year. The US YoY inflation rate for this period was around 3% going off memory.

Idk what you define as "average" global inflation. I don't really agree that it's the correct term for what is largely an american company even if it does international business.

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Re:Alphabet Announces Second Quarter 2023 Results [pdf] by paxys on Tuesday July 25, 2023 @05:01PM (#36869462)

Inflation doesn't jump from 9% to 3% overnight but goes down day-by-day. It is only at 3% now, so it spent the majority of the last year at >6%. And Google makes 55% of its revenue from outside the US, so it makes sense to consider global inflation in the calculation not just US.

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Re:Alphabet Announces Second Quarter 2023 Results [pdf] by spywaregorilla on Tuesday July 25, 2023 @05:45PM (#36870003)

3% is the average rate over the past 12 months. "it spent the majority of last year at > 6%" is not a helpful metric because those past numbers are average of months prior to June 2022.

We are tracking growth from June 2022->June 2023. So what we care about is the inflation from June 2022->June 2023. Which is 3%.

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