(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)
NewsOnline reports that Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
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.
AFP
Nnamdi Kanu has sent message to a Former US Mayor Mike Arnold over his support…
Opposition parties in Nigeria has united to adopt a single presidential candidate to challenge Tinubu…
Across Nigeria, the consequences of poor leadership are impossible to ignore; erratic power supply, worsening…
Every year, thousands of candidates sitting for the Joint Admissions and Matriculation Board (JAMB) examination…
CBN has raised ATM card issuance fee to ₦1,500 and scrapped monthly maintenance charges. …
EFCC has arrested Ex-Skye Bank Chair Tunde Ayeni over alleged N36.5bn and $30m fraud. …
