Microsoft, Alphabet and Intel announce first quarter earnings

The revenues of US technology companies Microsoft, Alphabet and Intel increased in the January-March period. Microsoft, which accepts the January-March period as the third quarter in the financial calendar, announced its balance sheet. Accordingly, the company's revenue increased by 17 percent in the January-March period compared to the same period of the previous year, reaching $61.9 billion. Microsoft had revenue of $52.9 billion in the January-March period of 2023. The company's net profit also increased by 20 percent in the same period, reaching $21.9 billion. The company's net profit was $18.3 billion in the same period of the previous year. Microsoft's earnings per share also increased from $2.45 to $2.94 during this period. Alphabet will pay dividends Google's parent company Alphabet also announced its balance sheet for the first quarter of 2024. Accordingly, Alphabet's revenue in the first quarter of the year increased by 15 percent compared to the same period of the previous year, reaching $80.5 billion. The company had revenue of $69.8 billion in the first quarter of 2023. The company's net income also reached $23.7 billion in the first quarter, an increase of 57 percent compared to the same period last year. Alphabet had a net income of $15.1 billion in the first quarter of last year. The company's earnings per share, which was $1.17 in the January-March period of last year, increased to $1.89 in the same period this year. Alphabet announced that it will distribute a cash dividend of $0.20 per share to its registered shareholders as of June 10, 2024. It was reported that the company plans to pay cash dividends every three months, subject to the approval of its board of directors. Intel Intel, one of the world's largest microchip manufacturers, has released its balance sheet for the first quarter of 2023. Accordingly, the company's revenue in the first quarter of the year increased by 9 percent compared to the same period last year, reaching $12.7 billion. Intel had revenue of $11.7 billion in the January-March period of last year. Intel reported a net loss of $437 million in the first quarter of the year. Intel reported a loss of $2.8 billion in the same period last year. The microchip maker's loss per share was also calculated at 9 cents in the period. The company reported a loss per share of 66 cents in the first quarter of last year.