Google
The search engine group was able to grow significantly in the cloud business.
(Photo: AP)
san francisco Alphabet is gaining momentum on the back of rising revenue from its cloud business and online advertising. At the start of the year, sales increased surprisingly significantly to $ 69.79 billion, the Google parent announced on Tuesday. Of that, $7.454 billion went to the cloud division, which grew about 28 percent.
Earnings of $1.17 per share were also above expectations. On this basis, Alphabet announced a $70 billion share buyback program. The stock rose more than 3 percent in after-hours trading.
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