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
Here's a look at some milestones in the history of the technology giant, whose parent is now known as Alphabet
The round was led by Thrive Capital, with participation from Alphabet and its venture arm, GV
The move by the European Commission came amid tensions with US President Donald Trump who has threatened to levy tariffs against countries which impose fines on US companies
The blockbuster deal will make Wiz part of Google's cloud unit and strengthen the company's efforts in cybersecurity solutions that companies use to remove critical risks
It has also become a compelling solution for power-guzzling data centers, with Big Tech firms already having signed multiple billion-dollar deals with utilities
Biden administration officials said those posts contained dangerous misinformation, but Republicans have argued it was an attempt to censor conservatives' speech
The US Department of Justice is currently pursuing two anti-monopoly cases against Google
Google currently has only five physical stores, all in the United States, which sell its products such as Pixel phones, watches and earbuds
Google faces heavy criticism online after removing Pride Month, Black History Month and Holocaust Remembrance Day from Google Calendar, days after Donald Trump takes office
The update came after United States President Donald Trump revoked former President Joe Biden's executive order aimed at promoting safe, secure and trustworthy development and use of AI
Quarterly sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion
Google-parent Alphabet dropped 8.3 per cent after posting downbeat cloud revenue growth and earmarking a higher-than-expected $75 billion for its AI buildout this year
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
Indonesia joins India, Russia and the European Union, who have all imposed significant fines on the tech giant for alleged unfair competitive business practices
Perplexity has raised far more money than Neeva- $913 million compared with $77 million, according to Pitchbook- and its clean, comprehensive answers are drawing users
Gemini upgrade, due to roll out later this year, will allow users to hold back-and-forth conversations with third-party TVs without the need to use the "Hey Google" trigger phrase for each command
Google has announced a series of changes in search result formats in recent months following conflicting demands from price-comparison sites, hotels, airlines and small retailers
Applying artificial intelligence to the search business that made Google a household name remains the largest gambit for the company, CIO Ruth Porat said
In a paper published in the journal Nature, Google said that it has found a way to string together the Willow chip's qubits so that error rates go down as the number of qubits goes up