Google keeps growing, as federal judges decide whether to break it up
3 Articles
3 Articles
Google keeps growing, as federal judges decide whether to break it up
Google is still making lots of money. Its parent company Alphabet reported $90.2 billion in revenue for the first quarter, up 12 percent from the same period last year, making $34.5 billion in profit. Chief Executive Sundar Pichai said Google's AI strategy was to thank. But the elephant in the room at Thursday's earnings call was the possibility that US federal judges might order the company to be broken up. We take a closer look in this edition…
Google maintains search dominance thanks to ads, AI and cloud
Google’s parent company, Alphabet, reported a blockbuster earnings report on Thursday evening, driven by surging profits and rapid advancements in AI and cloud computing. The Magnificent Seven tech behemoth posted revenue of $90.2bn, a 12 per cent increase year over year. Meanwhile, net income surged 46 per cent to $34.5bn, far exceeding Wall Street expectations. Its performance triggered a more than seven per cent after hours rally in Alphabet …
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