Alphabet has announced that it will pay out a dividend of 20 cents per share for the first time, along with promising future benefits for investors. The company saw an increase in turnover and profit in the past quarter, thanks to its success in online advertising. After trading hours on Thursday, Alphabet revealed that its turnover had risen by 15 percent year on year to $80.5 billion, with a profit of $23.7 billion compared to $15 billion the previous year.
Advertising revenue remains a key component of Alphabet’s business, with a significant increase from $54.5 billion to $61.7 billion. YouTube also saw growth, contributing more than $8 billion in revenue, a 21 percent increase from the previous year. The company’s cloud activities also performed well, with an operating profit of $900 million in the first quarter, surpassing both the previous year’s figures and analyst expectations.
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Overall, Alphabet’s strong financial performance is attributed to its continued success in online advertising and cloud activities. As the company continues to grow and expand its offerings, investors can expect future benefits such as increased dividends and continued financial stability.
In conclusion, Alphabet has seen significant growth in both turnover and profit in the past quarter thanks to its success in online advertising and cloud activities. This growth is expected to continue as the company continues to invest in these areas and expand its offerings.
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