Google parent reports another quarter of robust growth, rolls out first
Release time：2024-05-08 00:03:49 Source：Stellar Stand news portal
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.
- Previous：China's Xi visits Pyrenees mountains, in a personal gesture by France's Macron
- Next：New Liberia forest boss plans to increase exports, denies working with war criminal Charles Taylor
Related articles
- Elizabeth Hurley, 58, flaunts her jaw
- World Intelligent Manufacturing Conference 2023 opens in Nanjing
- Discount retailers making mark among price
- Partnerships urged to bolster content industry in Asia
- Dunkin' Donuts employee reveals the biggest pet peeves she has against drive
- China's EV success due to globalization, good quality, cost control, not subsidy: FM spokesperson
- CRCC equipment renewal campaign spurring growth of circular economy
- Guizhou gears up in computing
- Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
- Apple's Tim Cook visits China
- Oksana Masters overcame traumatic childhood
- Apple to expand in China with new research labs
- Xi Calls on Returned Scholars Association to Pool Talent, Strengths for Development
- Remains of Li Keqiang Cremated in Beijing
- Double European weightlifting champion Pielieshenko killed in Ukraine war
- Apple to expand in China with new research labs
- Xi Meets Greek Prime Minister
- Cruise ship industry poised for new golden era
- How Miami became a sporting powerhouse: Lionel Messi, David Beckham and Tyreek Hill call it home, A
- China's EV success due to globalization, good quality, cost control, not subsidy: FM spokesperson
Random recommendation
- Copyright © 2024 Powered by Google parent reports another quarter of robust growth, rolls out first ,Stellar Stand news portal sitemap