Alphabet Exceeds Quarterly Revenue and Profit Estimates Due to Google Cloud Growth
Alphabet Inc (NASDAQ:GOOG) reported first-quarter revenue of $109.9 billion, surpassing estimates and driven by strong performance in Google Cloud. The company also exceeded earnings per share expectations, with shares rising nearly 4% following the results. Google Cloud revenue grew 63% year over year to $20 billion.
Tickers: $GOOG
Topics: AI Investments Alphabet Inc. Earnings Beat Google Cloud Revenue Growth