About: http://data.cimple.eu/news-article/f37b7534acbbaa4a525aa19155646b1ec2819c72ce32ee928199c86b

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Google parent Alphabet on Tuesday said that profit rose slightly in the first quarter of this year despite a slowdown in online ads caused by the pandemic. Alphabet shares climbed three percent in after hours trades that followed release of earnings figures that eased fears the pandemic would devastate digital ad revenue that is the internet firm's income engine. Chief executive Sundar Pichai said that "we've marshalled our resources" to assist people during the crisis. "Given the depth of the challenges so many are facing, it's a huge privilege to be able to help at this time," he said. Alphabet reported a profit of $6.8 billion, up nearly three percent from last year, on revenue that grew 13 percent to $41 billion compared with the same quarter a year earlier. The internet colossus said however the impact of the pandemic began to hit online ads, its main source of revenue and profit, in March. "Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues," chief financial officer Ruth Porat said. "We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities." gc/rl
schema:headline	Alphabet-Google profit up despite pandemic-linked ad slump
schema:mentions	Digital media Chief financial officer Sundar Pichai Google Pandemic Ruth Porat Main Source
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

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