Sales figures: Google father or mother Alphabet pays dividend for the primary time resulting from earnings – Meta is slipping | EUROtoday

Status: 01:12 a.m | Reading time: 3 minutes

DGoogle father or mother Alphabet benefited from sturdy internet marketing enterprise within the final quarter. Sales rose by 15 p.c year-on-year to 80.5 billion US {dollars} (75 billion euros), as Alphabet introduced after the inventory market closed on Thursday.

Analysts on common had solely anticipated round $79 billion. Profit rose to 23.66 billion {dollars} (22 billion euros). The 12 months earlier than, the revenue was a superb $15 billion.

Due to the nice figures, Alphabet introduced a dividend of 20 cents per share for the primary time and likewise promised a payout sooner or later. The Internet firm additionally desires to purchase again further shares price $70 billion. This and the surprisingly sturdy numbers allowed the know-how trade as a complete to breathe a sigh of reduction, stated analyst Thomas Monteiro from on-line dealer Investing.com. Alphabet shares rose virtually 16 p.c in after-hours US buying and selling.

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The foundation of the enterprise remains to be Google's promoting income. They rose from $54.5 to $61.66 billion inside a 12 months. The video subsidiary YouTube contributed a superb eight billion {dollars}. This corresponds to a rise of round 21 p.c in comparison with the identical quarter of the earlier 12 months. Alphabet's cloud division posted a rise of 28 p.c.

The growth of Google's promoting enterprise is being watched very intently. A central query is whether or not makes an attempt by opponents to make use of synthetic intelligence to show direct solutions as an alternative of hyperlinks will depart a hint on Google's search engine.

In the group's future tasks, reminiscent of self-driving vehicles or supply drones, gross sales for all firms rose from $288 to $495 million. The space's working loss was depressed. In the identical quarter final 12 months it was $1.22 billion; on this quarter, Alphabet recorded a lack of over a billion {dollars} within the division.

Meta shares slip, Microsoft good points

Microsoft may also depend itself among the many tech winners. The firm introduced on Thursday in Redmond that gross sales elevated by 17 p.c to virtually 62 billion {dollars} (round 58 billion euros) within the third quarter of the monetary 12 months, which ended on the finish of March, in comparison with the identical interval final 12 months. The backside line was that earnings climbed by a fifth to virtually $22 billion. Both exceeded the expectations of specialists. The shares of essentially the most beneficial firm on this planet, with a market worth of round three trillion {dollars}, rose considerably after buying and selling.

The good numbers had been pushed primarily by the speedy development of Microsoft's Azure cloud division. Azur's income rose 31 p.c to $26.7 billion. “Demand continues to grow strongly,” stated Brett Iversen, head of monetary communications on the software program home. “We are therefore ensuring that we expand our capacities accordingly.”

Meta shares tumbled regardless of gross sales of $36.5 billion, up 27 p.c. The shares recorded virtually eleven p.c much less after the figures had been offered.

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Although the US tech big doubled its revenue to $12.4 billion (round €11.6 billion) within the first quarter, the father or mother firm of WhatsApp, Instagram and Facebook unsettled buyers. The motive for that is the introduced increased funding requirement for synthetic intelligence (AI). This 12 months the group is planning to speculate between 35 and 40 billion {dollars}, as an alternative of the estimated 30 to 37 billion.