Alphabet revenue unexpectedly rises in first quarter amid industry slowdown
by Kari Paul from Technology | The Guardian on (#6B57Q)
Google's parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures
Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector.
The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reported a profit for the first time since its launch, taking in $191m.
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