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Google performance drives Alphabet stock buyback

By Akash Sriram and Greg Bensinger

Apr 27 2023 11:23AM

Cloud turned a profit, advertising held up.

Google performance drives Alphabet stock buyback

Alphabet has announced a US$70 billion ($106 billion) stock buyback, after first quarter revenue and profits beat estimates on the back of rising demand for Google's cloud services and better-than-expected ad sales. Alphabet reported a slight dip in first-quarter ad sales from a year ...

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