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Microsoft, Google earnings shine as AI drives revenue [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
The results were cheered by Wall Street investors who pushed up Alphabet's share price more than 11 percent and Microsoft shares up nearly 4 percent in after-market trades. Google parent Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. Artificial intelligence helped drive the Silicon Valley tech giant's business, according to Alphabet and Google chief Sundar Pichai. "We are well under way with our Gemini era and there's great momentum across the company," Pichai said, referring to the Gemini AI model that powers services across the Google platform. "Our leadership in AI research and infrastructure, and our global product footprint, position us well for the next wave of AI innovation." Some $9.5 billion was brought in by Google's cloud computing unit, compared with $7.5 billion in the same quarter a year earlier. Google also reported its first-ever dividend of 20 cents per sh
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