On April 25, tech giant Alphabet Inc. once again convince investors with their quarterly figures. In addition, the group will pay a quarterly dividend of $0.20 per share for the first time. In an initial reaction, the stock was able to break out to an all-time high. Further price increases could follow.
Ensured sales and improved margins
According to Q1 figures reported on April 25, Alphabet managed to increase revenue by 15% to more than $80.539 billion compared to the same period last year. The peripheral development was also good. Accordingly, the operating profit margin increased from 25% in the same period last year to 32%, which improved the diluted EPS from USD 1.17 to USD 1.89. CEO Sundar Pichai said: “Our Q1 results show strong performance from Search, YouTube and Cloud. We have made great progress in our Gemini era and there is great momentum throughout the company. Our leadership in AI research and infrastructure, as well as our global product offering, positions us well for the next wave of AI innovation. ” At the same time, the experts only had a revenue of $78.594 billion and an EPS of $1.51 USD calculated. It was also welcomed that the company launched an additional share purchase program of up to $ 70 billion and also announced the first quarterly dividend of USD 0.20 per share.
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2024-05-03 01:52:38
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