Alphabet Q1 Earnings: Double-Digit Revenue Growth As CAPEX Pays Off
Alphabet reported strong Q1 earnings with 22% revenue growth and an 81% increase in profit, driven by robust performance across its core businesses. The company's heavy capital expenditures in recent years are now paying off, particularly in cloud infrastructure and AI capabilities. Shares rose following the announcement as investors welcomed the blowout results.
- ▪Alphabet reported 22% year-over-year revenue growth in Q1.
- ▪Profit surged 81% compared to the same quarter last year.
- ▪Capital expenditures in cloud and AI infrastructure are contributing to improved performance.
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