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
LeBron James UNFOLLOWS Diddy on Instagram after video of assault on ex
LeBron James has unfollowed Sean 'Diddy' Combs on Instagram.The unfollowing was noted by a Lakers fa2024-05-21Atletico oust Inter on penalties to reach UCL quarters
Striker Memphis Depay and goalkeeper Jan Oblak were the heroes as Atletico Madrid qualified for the2024-05-21New recruiting programs put Army, Air Force on track to meet enlistment goals. Navy will fall short
WASHINGTON (AP) — After several difficult years, the Army and Air Force say they are on track to mee2024-05-21Here's exactly what happens to Queen Mary if Frederik dies
Queen Mary of Denmark will be well looked after 'by the people' if she outlives her husband, King Fr2024-05-21Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Knowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency,2024-05-21Chinese shuttlers into all five finals at Badminton Asia Championships
China is eyeing a sweep of titles at the Badminton Asia Championships with its shuttlers set to comp2024-05-21
atest comment