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
How Rita Moreno uses honors like an upcoming public television award to further her philanthropy
NEW YORK (AP) — Rita Moreno says it was always in her nature to be generous – to hold doors for peop2024-05-07- Fans watching CBS' Billy Joel: The 100th - Live at Madison Square Garden on the Eastern and Central2024-05-07
Russia begins withdrawing peacekeeping forces from Karabakh, now under full Azerbaijan control
MOSCOW (AP) — President Vladimir Putin’s spokesman said Wednesday that Russian forces are being with2024-05-07Protests, heightened terror threat mean tight security at Eurovision Song Contest in Sweden
COPENHAGEN, Denmark (AP) — Security will be tight during next month’s Eurovision Song Contest in the2024-05-07Spurs' Victor Wembanyama named NBA Rookie of the Year
Victor Wembanyama had a year like no rookie in NBA history.Others scored more points, others grabbed2024-05-07Senate to convene Mayorkas impeachment trial as Democrats plot quick dismissal
WASHINGTON (AP) — Senate Democrats could end the impeachment trial of Homeland Security Secretary Al2024-05-07
atest comment