Alphabet Inc.'s (GOOG) CEO Sundar Pichai on Q1 2022 Results - Earnings Call Transcript

Alphabet Inc. (NASDAQ:GOOG) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET

CompanyParticipants

James Friedland - Director of Investor Relations

Sundar Pichai - Director & Chief Executive Officer

Philipp Schindler - Senior Vice President & Chief Business Officer

Ruth Porat - Senior Vice President & Chief Financial Officer

Conference Call Participants

Brian Nowak - Morgan Stanley

Eric Sheridan - Goldman Sachs

Doug Anmuth - JPMorgan

Justin Post - Bank of America Merrill Lynch

Mark Mahaney - Evercore ISI

Michael Nathanson - MoffettNathanson

Brent Thill - Jefferies

Stephen Ju - Credit Suisse

Dan Salmon - BMO

Operator

Welcome, everyone, and thank you for standing by for the Alphabet First Quarter 2022 Earnings Conference Call. [Operator Instructions]

I'd now like to hand the conference over to your speaker today, Jim Friedland, Director of Investor Relations. Please go ahead.

James Friedland

Thank you. Good afternoon, everyone, and welcome to Alphabet's first quarter 2022 earnings conference call. With us today are Sundar Pichai, Philipp Schindler and Ruth Porat.

Now I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our most recent Form 10-K filed with the SEC. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which is distributed and available to the public through our Investor Relations website located at abc.xyz/investor.

And now, I'll turn the call over to Sundar.

Sundar Pichai

Thank you, Jim, and good afternoon, everyone. Over the last few months, guided by our mission, we continue to develop helpful technologies with a view towards empowering both people and businesses. Even as more people return to in-person activities, we are seeing hybrid approaches to learning and working are here to stay, and our products are helping partners seize these new opportunities.

To help support our own flexible work plans, this year, we plan to invest approximately $9.5 billion in our U.S. offices and data centers, creating at least 12,000 new Google jobs in the U.S. in places like New York and Atlanta. To enable our long-term growth, we are investing in areas like Cloud, AI, YouTube, Search and beyond. In 2020 and 2021 combined, we invested $40 billion in research and development here in the U.S.