Alphabet announced that it will be paying out a dividend of 20 cents per share for the first time, with Google’s parent company promising future benefits. This announcement came after trading hours on Thursday, following a successful past quarter where Alphabet saw an increase in turnover and profit.
In the past quarter, Alphabet’s turnover increased by 15 percent year on year to 80.5 billion dollars, surpassing analyst expectations. Profit also rose to $23.7 billion, compared to $15 billion the previous year. Advertising revenue continues to be a key income source for the company, with YouTube contributing significantly to revenue growth.
Additionally, Alphabet’s cloud activities performed well, with an operating profit of 900 million dollars in the first quarter. This was a substantial increase from previous periods and exceeded analyst expectations.
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