(Reuters) – Alphabet, mother -in -law of Google, announced on Thursday a share buyback program of $ 70 billion and raised its dividend by 5%, while the technological giant published quarterly results superior to the expectations of Wall Street.

The group’s title was taking 4% in post-closing stock markets.

These positive results arise from the stable growth of alphabet advertising revenues, which have made it possible to compensate for the slowdown in its dematerialized computer division (‘cloud’).

They intervene in a context of fears that the trade policy of the American president Donald Trump weighs global economic growth, a perspective which has pushed many companies to review their advertising expenses.

However, analysts assured that the digital advertising market had not lost ground in the first quarter.

Online research has again recorded solid growth, made by the use of the Overviews service fueled by artificial intelligence (AI), said Alphabet Director of Alphabet, Sundar Pichai, in a press release.

Over the period January-March, Google’s advertising sales, which represent approximately 75% of the overall turnover, increased from 8.5% to 66.89 billion dollars, marking a slowdown compared to the fourth quarter of 2024 (+10.6%) but however beating the consensus which appeared at 7.7%.

Google’s “Cloud” division recorded a 28% increase in quarterly turnover to $ 12.26 billion, after an increase of 30.1% in the previous quarter. Analysts anticipated an average of $ 12.27 billion on average, according to LSEG data.

Alphabet reported a total turnover of $ 90.23 billion in the first quarter, while the consensus appeared at $ 89.12 billion according to LSEG data. Action profit reached $ 2.81, beating Wall Street expectations ($ 2.01 per share).

The technological giant carried out 17.20 billion capital expenses over the January-March 17.20 billion, an increase of 43% in quarterly pace.

This is part of the investment plan of $ 75 billion announced in the past and confirmed earlier this month by Sundar Pichai, who intends to strengthen infrastructure for AI, despite the uncertainty hovering on the cost of such projects with the customs duties announced by Washington.

The “Big Tech” continues to defend its massive investments in AI, despite macroeconomic pressures and competition from the Chinese Deepseek firm.

(Deborah Sophia in Bangalore and Kenrick Cai in San Francisco; Jean Terzian)

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