Google's parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector. The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reported a profit for the first time since its launc...
Alphabet revenue unexpectedly rises in first quarter amid industry slowdown
The Guardian - 25 Apr 2023 22:50
Google's parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector. The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reported a profit for the first time since its launc...
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