Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported first quarter 2023 earnings results today.
Revenues increased 3% year-over-year to $69.8 billion, driven by resilience in Search and momentum in Cloud. Revenues grew 6% in constant currency.
Net income dropped to $15 billion, or $1.17 per share, from $16.4 billion, or $1.23 per share, in the year-ago period.
Revenue from Google Services totaled $62 billion in the quarter.
Both revenue and earnings beat estimates, sending the stock up over 4% in after-market hours on Tuesday.
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