Alphabet: Advertising Business Accelerates Again - Dividend Announced for the First Time
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Revenue climbs by 15% - fastest growth rate since the beginning of 2022. Operating profit in cloud business jumps more than fourfold. Alphabet approves its first dividend of $0.20 per share and a new share buyback program worth $70 billion. On Thursday, April 25, the technology group Alphabet published its results for the first quarter of 2024 and exceeded analysts' estimates. Among other things, profits in the cloud division were impressive. Here are the results in detail: Earnings per share: $1.89 compared to expected $1.51 (LSEG)...
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