MOUNTAIN VIEW, Calif. _ Google owner Alphabet's profits and revenue soared in the tech titan's first quarter, beating Wall Street's expectations by a wide margin, the company reported Monday.
Alphabet earned $9.4 billion on revenue of $31.15 billion for the January-through-March quarter. Profits jumped 73 percent while revenue rose 26 percent, compared with last year's first quarter.
"The opportunity set ahead of us is quite extraordinary," Ruth Porat, chief financial officer of Google and Alphabet, said during a conference call with analysts to discuss the results.
Per-share earnings were $13.33, while Wall Street had predicted $9.28. Analysts were expecting revenue of $30.29 billion.
Mountain View-based Google's shares fell slightly in after-hours trading. The results were released after the stock markets had closed on Monday.
Sundar Pichai, Google's chief executive officer, also acknowledged the aftermath of the lethal shootings at the YouTube headquarters campus in San Bruno on April 3.
"It has been a particularly tough few weeks for the Google family, especially at YouTube," Sundar Pichai, Google's chief executive officer, said during the conference call. "I am so proud of the resilience that our employees have shown. I am so grateful for the support we have gotten across the industry and in the community."
