politics

Google parent reports another quarter of robust growth, rolls out first

Font size+Author:World Wanderer news portalSource:politics2024-05-07 21:44:03I want to comment(0)

Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still r

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
  • PWHL's strong first season coincides with a growing appetite for women's sports

    PWHL's strong first season coincides with a growing appetite for women's sports

    2024-05-07 21:12

  • Trump hush money trial: 7 jurors picked, 11 more needed

    Trump hush money trial: 7 jurors picked, 11 more needed

    2024-05-07 20:32

  • German police target China

    German police target China

    2024-05-07 20:26

  • Taylor Swift fans are scammed out of more than £1 million by ticket fraudsters

    Taylor Swift fans are scammed out of more than £1 million by ticket fraudsters

    2024-05-07 19:49

Netizen comments