These results were achieved thanks to high performance in all areas. Revenue increased 15% year over year; This was the fastest growth since the beginning of 2022. Google’s struggling core advertising business showed signs of growth, with ad sales rising to $61.66 billion.
But the real “star” was Google Cloud. The cloud computing division, long overshadowed by Amazon Web Services and Microsoft Azure, has finally taken the lead. Revenue rose to $9.57 billion, beating analysts’ expectations and showing progress in Google’s goal of becoming “the largest player in the cloud computing market.”
Moreover, Alphabet announced its first dividend, paying 20 cents per share. The company also authorized a $70 billion share buyback, further boosting investor confidence.
Source: Ferra
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