Google parent reports another quarter of robust growth, rolls out first
Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence.
The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic.
Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago. It’s something that two older technology powerhouses, Microsoft and Apple, have been doing for years. Alphabet’s quarterly dividend of 20 cents per share will be paid June 17.
Investing.com analyst Thomas Monteiro praised the decision to pay a dividend as “a breath of fresh air for the tech market” that should also make investors more likely to support the increased amounts that Google will likely need to spend on developing AI products that could take years to pay off.
Related articles
Call it Cognac diplomacy. France offered China’s Xi a special drink, in a wink at their trade spat
PARIS (AP) — How do you smooth over trade tensions with the all-powerful leader of economic powerhou2024-05-08Universal Beijing Resort temporarily closes amid Beijing's increasing COVID
The Universal Beijing Resort announced on Sunday morning that it has started its emergency plan for2024-05-08Ice and snow festival opens in Beijing
The ice and snow festival opened in Beijing with a series of activities launched, Beijing Municipal2024-05-08Chinese tourist arrivals to Cambodia's Angkor up significantly
Located in Northwest Cambodia's Siem Reap province, the 401-square-km Angkor Archeological Park,2024-05-08Vietnam celebrates 70 years since Dien Bien Phu battle that ended French colonial rule
DIEN BIEN PHU, Vietnam (AP) — Vietnam on Tuesday celebrated the 70th anniversary of the battle of Di2024-05-08Chinese premier chairs State Council executive meeting
Chinese Premier Li Qiang on Friday presided over a State Council executive meeting to hear an inspec2024-05-08
atest comment