Alphabet Beats Revenue Estimates Buoyed by Cloud, Pays Dividend, Stock Skyrockets 13%
Cloud services revenue rose 28% to $900 million in quarter Company announces 20-cent dividend, $70 billion share buyback Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit. The Google parent generated sales, excluding partner payouts, of $67.6 billion for the three months that ended on March 31, …