Ubicación & Lenguaje

Zenfinex Global Limited está regulada por la Autoridad de Servicios Financieros (FSA) de Seychelles (SD092)

Alphabet Shares Soar on Strong Earnings, Cloud Growth, and First-Ever Dividend

By Camilo Botia,

Alphabet, Google’s parent company, delivered a blockbuster earnings report on Thursday that sent its shares surging in after-hours trading. Beating analyst expectations on earnings per share and revenue, the company announced its first-ever dividend and impressive profitability gains in its cloud division. This news propelled Alphabet’s market value beyond the $2 trillion mark.

Key Results

• Earnings per share (EPS): $1.89 (actual) vs. $1.51 (expected)

• Revenue: $80.54 billion (actual) vs. $78.59 billion (expected)

• YouTube advertising revenue: $8.09 billion (actual) vs. $7.72 billion (expected)

• Google Cloud revenue: $9.57 billion (actual) vs. $9.35 billion (expected)

• Traffic acquisition costs (TAC): $12.95 billion (actual) vs. $12.74 billion (expected)

Dividend Debut and Share Buyback

Alphabet made a significant stride in its financial strategy by announcing a cash dividend of 20 cents per share, payable on June 17th. This landmark move not only marks Alphabet’s entry into the ranks of dividend-paying tech giants, following Meta’s similar announcement in February, but also signals the company’s commitment to rewarding its shareholders. The company further bolstered this confidence with a $70 billion share repurchase authorization.

Alphabet’s revenue growth accelerated to 15% year-over-year, the fastest pace since early 2022, indicating a rebound in its core advertising business. However, the real star of the show was Google Cloud, which delivered a significant profit boost, with operating income quadrupling to $900 million. This remarkable performance underscores the success of Alphabet’s strategic investments in building a competitive cloud offering against industry leaders Amazon Web Services and Microsoft Azure, reassuring stakeholders about the company’s diversification strategy.

CEO Sundar Pichai emphasized Alphabet’s leadership position in Artificial Intelligence (AI) research and infrastructure. The company’s focus on incorporating generative AI features into search and other products underscores its commitment to staying ahead of the curve in a rapidly evolving technological landscape.

Alphabet’s robust earnings report, the introduction of a dividend, and the impressive growth of its cloud business paint a positive picture of the company’s future. Investors will be keenly watching the continued development of its AI capabilities and potential growth within its cloud division.

As a result, the stock shows significant bullish momentum, testing the $154.83 support as a critical level that has limited the price to reaching lower lows in the last two weeks and trading above the initial bullish channel the stock traded since July last year until this month when there was a bullish breakout. The next significant resistance for the price is at $160.88.


Publicaciones Destacadas

The most important events of the past week

Dow Jones Hits Historic 40,000 Milestone, Defying Market Doubts

VIX Fear Index Hits Lowest Level Since January 2024

Resilient Canadian Economy: Will the USD/CAD Downtrend Hold Steady?

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Te presentamos algunos artículos relacionados que podrían ser de tu interés:


The most important events of the past week

By Samir Al Khoury, United States of America The headline consumer price index recorded on an annual basis 3.4%, which is in line with expectations...


Dow Jones Hits Historic 40,000 Milestone, Defying Market Doubts

By Camilo Botia, The Dow Jones Industrial Average has achieved a remarkable feat, soaring to the historic 40,000 mark. This is not just a number, but...


VIX Fear Index Hits Lowest Level Since January 2024

By Samir Al Khoury, The VIX Fear and Volatility Index, which expresses investors’ expectations regarding price movement in the stock market, dropped yesterday from 21.36...


Resilient Canadian Economy: Will the USD/CAD Downtrend Hold Steady?

By Samir Al Khoury, The USD/CAD price continues its downward trend for the fifth consecutive day, reaching 1.3635 today, but it is still up approximately...

¿Estás Listo Para Elevar tu Experiencia de Trading?

Abre una cuenta Taurex y comienza a operar hoy.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.