Alphabet's net profit in the first quarter of 2024 amounted to $23.7 billion, an increase of 57% compared to the same period in 2023. This is stated in the company's message.
Alphabet also announced that for the first time in history it is going to pay a dividend of $0.2 per share.
Alphabet's board of directors allowed the company to buy back additional shares worth up to $70.0 billion.
Alphabet Inc. is a holding company that manages Google Inc and its subsidiaries, as well as a number of startups. The company's headquarters are located in Mountain View (California, USA). In 2018, Alphabet took the first place in the list of the 500 best employers in the world according to Forbes magazine. In the Forbes Global 2000 list of the world's largest public companies for 2022, the company took 11th place. Alphabet ranked 8th among the largest U.S. companies in terms of revenue in 2022 (Fortune 500 list)
