Alphabet Profit

Google's profits soared 28 per cent in this year's opening quarter, overcoming the competitive and legal threats that its internet empire is facing amid an economy roiled by a global trade war. The numbers released Thursday by Google parent Alphabet Inc. indicated the company is rising to the challenge so far, but investors are likely to remain concerned about the turbulent times ahead. The Mountain View, California, company earned USD 26.5 billion, or USD 2.15 per share, during the January-March period, up from USD 20.7 billion, or USD 1.64 per share, at the same time last year. Revenue rose 12 per cent from last year to USD 96.5 billion. The results easily exceeded analysts' projections, according to FactSet Research. Alphabet's stock gained more than 3 per cent in extended trading after the numbers came out. The shares had fallen by 16 per cent since the end of last year. Google's first-quarter performance illustrated the continuing power of its long-dominant search engine in a

The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar

As its main search business matures, Google is betting on growth from its cloud division, which supplies computing power, software and services to other companies

Alphabet reported revenue of $80.5 billion for the 2024 January- March quarter, up 15 per cent from last year, with operating income surging by 46.3 per cent and net income by 57 per cent

While Google Cloud's revenue topped Wall Street targets and growth rebounded with a boost from AI, Microsoft's Azure grew faster in the same period

Alphabet, the parent company of Google, has reported weaker-than-expected earnings and revenue for the April-June period (Q2). The company reported solid growth in its Search business

Alphabet shares rose 4.4 per cent after ending regular trading at $1,556.88

Google's 'other revenue' segment logged $4.4 billion in revenue, compared to $3.6 billion a year ago

Alphabet and Facebook, which together dominate the online ad market, compete for advertising dollars

Alphabet shares slid about 2.9% to $969.03 in after-market trades