Google Rakes In $15bn Profit In Q1

Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts and in the same three month period that the company said it would lay off 12,000 staff or six percent of its workforce.

by NewsOnline Nigeria

April 25, 2023

in Economy And Business, Headline

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(FILES) In this file photo taken on January 18, 2019 A logo is pictured above the entrance to the offices of Google in London on January 18, 2019. - Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for a wide array of new gadgets and services. Profit dipped 23 percent from a year ago to $7.1 billion as revenue that 20 percent to $40.5 billion for the California tech giant and internet search leader. Shares in Alphabet fell 1.1 percent in after-hours trade on the weaker-than-expected profits. (Photo by Ben STANSALL / AFP)