00:08:47 · S2, Ed Ludlow, S3
[00:08:47] S2: No, I'm talking about the CapEx coming in below estimates at $ 51. 36 billion. And Ed already mentioned the growth of cloud. Google cloud revenue grew 103% in a different world, Ed. And by a different world, I mean a different quarter. Those two things that I just read would be greeted by investors sending shares the other way. [00:09:13] S4: Okay, but this is what I mean by you can't take any of these data points in isolation. So CapEx in the quarter was actually slightly below expectations. I think it was like 51.4 billion, right? But if you just take where they are nine months into the year, Alphabet spent about $ 132 billion. They guided that for this year. CapEx will be in the range $ 195 to $ 205 billion. That's a lot. A year ago, in any given quarter, Alphabet was spending like $ 25 billion. Now that obviously is tracking way ahead of that. So the cloud growth is there and growth in the operating income from it as well. But again, balance it against the spending commitment and how deeply that is putting them into free negative free cash flow irrespective of their operating cash flow and i'm not i'm not an accountant or forensic guy by any means but yeah i think that's the math people. [00:10:07] S3: Are doing but you gotta keep looking at it but he plays one on tv he does play one on tv he does it pretty well he does it pretty well all right ed ledlow uh you know we always appreciate you jumping on with us and walking through these earnings uh no one like you uh Ed Ludlow.
00:10:07 · S3, Carol Massar
[00:10:07] S3: Are doing but you gotta keep looking at it but he plays one on tv he does play one on tv he does it pretty well he does it pretty well all right ed ledlow uh you know we always appreciate you jumping on with us and walking through these earnings uh no one like you uh Ed Ludlow. [00:10:21] S0: He'll be continuing to cover this. He is the host of Bloomberg Tech. [00:10:23] S3: Catch them and catch him and his team on Bloomberg Television at 11 a.m. [00:10:27] S0: Wall Street time.