News Formal

Google parent Alphabet's Q1 profits beat estimates: company

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Google's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent. Alphabet shares that ended the formal trading day down slightly leapt more than 12 percent to $177 in after-market trades that followed release of the earnings figures.

Google and Alphabet Inc. CEO Sundar Pichai says the company is well positioned for the artificial intelligence era with the technology woven into its platform and services. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFPGoogle's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent.

"Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation." Some $9.5 billion was brought in by Google's cloud computing unit, compared with $7.5 in the same quarter a year earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google is said to be weighing up its biggest-ever acquisitionGoogle parent Alphabet is said to be considering an offer for online marketing software company HubSpot.
Source: TechCentral - 🏆 8. / 71 Read more »