Last Update: April 26, 2023, 02:28 IST
The increase in profit shows that the search engine Google is finding its footing. (file photo)
Its quarterly revenue came in at nearly $70 billion, a billion better than analysts expected
Google parent company Alphabet beat market expectations with a net profit of $15 billion in the first quarter of 2023, the company said on Tuesday in a sign that the search engine behemoth is regaining its feet.
Its quarterly revenue came in at nearly $70 billion, a billion better than analysts expected, and in the same three-month period the company said it would lay off 12,000 employees, 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)
