Alphabet's Q1 revenue rose 15% to $80.5 billion, with Google advertising revenue up 13% and Google Cloud revenue rising 28%. Operating margin improved to 32%, resulting in a 62% jump in earnings per share.
CEO Sundar Pichai highlighted Alphabet's position for AI innovation. The company initiated a quarterly dividend of $0.20 per share and added $70 billion to the share-buyback program to reward investors.
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