From CNBC: 2024-04-25 20:19:33

Alphabet reported a strong first-quarter with sales, operating margin, and profits beating expectations. Total revenue rose 15.4% year over year to $80.54 billion, with earnings per share up 62% to $1.89. The company initiated a quarterly dividend and reloaded its stock buyback program. YouTube and Google Cloud could reach $100 billion in annual revenue. Quarterly search revenue of $46.16 billion exceeded expectations, and Google Cloud saw a 28% growth. Alphabet returned nearly $14.6 billion to shareholders in the first quarter and exited with $108 billion in cash. The company’s first-ever dividend of 20 cents per share will be paid in June.



Read more at CNBC:: GOOGL delivers the quarter we’ve been waiting for — with a dividend cherry on top