Google Q1 cloud business profit quadrupled! Announced first dividend to drive after-hours share price surge
In the first quarter, Google's parent company Alphabet's revenue reached $80.5 billion, higher than analysts' expectations of $78.6 billion, a year-on-year increase of 15%. The net profit was 23.66 billion US dollars, a year-on-year increase of 57%, far exceeding the expected 19.1 billion US dollars.