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Last Updated: April 26, 2023, 02:28 IST
Rise in profit show that search engine behemoth Google is regaining its footing. (File Photo)
Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts
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.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
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