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Alphabet Inc. (GOOG) Q1 2025 Earnings Call Transcript Summary
Alphabet Outlines $75B CapEx Plan for 2025 With Focus on AI and Cloud Growth
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Google's advertising business remains strong, with Net income increasing by 46%. It will continue to expand capital expenditures, and the stock price rose 6% after hours | Earnings Reports insights.
Alphabet, Google's parent company, announced its first-quarter results after the market close on Thursday, showing that its revenue and profit exceeded Analyst expectations due to the strong performance of its search advertising business, which partially offset the impact of slowing growth in its Cloud Computing division. Additionally, with a significant increase in capital expenditures in the first quarter, the company indicated that it would continue to substantially raise capital expenditures, stimulating the stock price to rise temporarily by 6% after hours.
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