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$GOOGL $GOOG intends to use cash primarily to support organic growth. The stock repurchase program has been extended to 8.6Bil more Class-C shares. The primary areas of investment will be machine learning, Cloud, Search and YouTube. In 4Q17, the company forged partnerships with Cisco, Salesforce and SAP for Cloud, G-Suite and Analytics services.
$GOOGL $GOOG said it expects traffic acquisition costs to continue to increase in near term, reflecting the growing strength in mobile search. In 2Q18, products of home gadget division Nest were launched in 12 new countries. During the quarter, Waymo, the fleet of fully-automated self-driving cars, surpassed 4MM miles of driving on public roads.
The iPhone maker $AAPL's revenue jumped 12.6% to $88.29Bil in 1Q18, though the number of iPhone units sold fell 1% YoY, thanks to the pricier iPhones that increased the company's margins. Japan had the highest growth in revenue of 26% followed by Rest of Asia Pacific, Europe & Greater China. $AAPL guided for 2Q18 revenue of between $60-62Bil.
Geographically for 1Q18, $AAPL showed good growth across all regions. Japan showed the highest momentum with revenue surging 26% YoY, while China revenue grew 11%, driven by higher sales of the company's premium smartphone iPhoneX. The company also reported that its active installed base of devices reaches 1.3Bil in January.
Search service giant $GOOG $GOOGL incurred a heavy tax-related charge in 4Q17, and slipped into the negative territory. Contrary to expectations, Alphabet reported a loss of $4.35 per share, triggering a sharp fall in the stock price. Strong advertisement revenues lifted the topline by 24%. Other Bets remained in loss, despite a rise in revenues.
$AMZN announced the opening of The Spheres, its newest Seattle HQ buildings which have no enclosed offices or conference spaces. The Spheres feature treehouse meeting rooms, river and waterfall features, a four-story living wall, and epiphytic trees. The project created more than 600 full-time jobs, and is part of a more than $4Bil investment.
$AMZN has chosen 20 metropolitan areas as proposed locations for HQ2, its second headquarters. These are Atlanta, Austin, Boston, Chicago, Columbus, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Nashville, Newark, New York City, Northern Virginia, Philadelphia, Pittsburgh, Raleigh, Toronto and Washington DC.
$AMZN reviewed 238 proposals from across the US, Canada, and Mexico to host HQ2, its second headquarters in North America. The company has chosen 20 metropolitan areas for the next phase of the process. $AMZN expects to make a decision in 2018. The company plans to invest over $5Bil and create as many as 50,000 jobs at HQ2.
Spurred by the Republican tax reform, $AAPL said it would increase its direct contribution to the US economy to over $350Bil over the next five years. The tech giant expects to invest over $30Bil in capital expenditures in the US during this period and create over 20,000 jobs through hiring at existing campuses and opening a new one.
$AMZN said Amazon Music Unlimited will become available in Australia and New Zealand starting February 1, giving users access to a catalogue of more than 45MM songs and hundreds of playlists and personalised stations. New subscribers can sign up for a free 90-day trial of Amazon Music Unlimited for a limited time.
Amazon Web Services, Inc., an $AMZN company, announced that Comcast Cable has selected AWS as its preferred public cloud infrastructure provider. Comcast Cable will expand its use of AWS by migrating material workloads and building new applications on AWS.
Asia's second largest software services company $INFY reported a spike in 3Q18 net earnings to $796MM from $547MM a year ago, driven by a tax reversal gain of $225MM. On a per share basis, net income jumped 46% to $0.35. Meanwhile, the Bengaluru, India-based company's revenue for the quarter rose 8% to $2.76Bil.