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Tech Companies' Quarterly Performances and Funding News: Analysis of Google and Alphabet's sales growth in advertising and cloud computing, Microsoft's profit rise from AI demand, and Micron's $6.1 billion funding for chip-making facilities.
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Quick takeaways
- Google's Q1 sales surged by 15%, mainly from ad and cloud businesses.
- Microsoft's profit rose due to high demand for software and cloud services, especially Azure.
Deep dives
Google's Quarterly Sales and Growth
Google's quarterly sales showed significant growth, reaching $80.5 billion in first-quarter revenue, a 15% increase from the previous year. This boost was attributed to the strong performance of its core advertising and cloud computing businesses. Notably, Alphabet, Google's parent company, announced plans to issue a cash dividend of 20 cents per share, marking the first dividend payout to investors.
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