Google's CFO is aiming to drive more cost efficiencies, leading to a rise in stock.

From CNBC: 2024-10-29 20:13:17

Alphabet’s new CFO Anat Ashkenazi, previously at Eli Lilly, aims to drive more cost efficiencies following predecessor Ruth Porat’s lead. Ashkenazi joined in July, succeeding Porat who moved to a new role. Alphabet’s strong Q3 earnings beat expectations, leading to a 5.8% rise in stock after hours, amidst competition from AI startups and tech giants like Amazon and Meta. The company plans to increase capital expenditures in 2025 for growth and continued competitive edge. Ashkenazi will focus on cutting costs and using AI to drive efficiencies.



Read more at CNBC:: Google CFO says company can ‘push a little further’ in cost savings