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Fashion Jobs
L'OREAL GROUP
Giorgio Armani Beauty Business Manager - Brown Thomas Limerick
Permanent · Limerick
MAJE IRLANDE
Assistant Store Manager - bt Dublin H/F
Permanent · DUBLIN 2
BA&SH
Sales Assistant f/m - Full -Time - Brown Thomas Dublin
Permanent · DUBLIN
MAJE
Store Manager - Maternity Cover - Kildare Outlet
Fixed-term · KILDARE
SANDRO IRLANDE
Sales Assistant - 7.5 Hours - Kildare Mixte m/f
Permanent · NURNEY ROAD
MAC
Mac - Retail Artist - bt2, Dundrum - 24 Hours - Part-Time - Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Key Holder - Limerick, Brown Thomas - 37.5 Hours - Full Time, Temporary
Fixed-term · Limerick
MAC
Mac Cosmetics - Key Holder - Blanchardstown, bt2 - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
MAC
Mac Cosmetics - Retail Artist - bt2, Blanchardstown - 24 Hours - Part Time, Permanent
Permanent · Dublin
RITUALS
Rituals Advisor
Permanent · Cork
RITUALS
Assistant Store Manager
Permanent · Dublin
LEVI'S
vm/Sales Stylist 20+ Hours pw
Permanent · Kildare
LA MER
la Mer - Counter Manager - Brown Thomas, Galway - 37.5 Hours - Full-Time - Permanent
Permanent · Galway
RITUALS
Rituals Advisor
Permanent · Dublin 1
L'OREAL GROUP
IT Cosmetics Beauty Advisor bt2 Dundrum (Fixed Term 6 Months)
Fixed-term · Dublin 16
L'OREAL GROUP
l'Oréal Designer Fragrances - Mobile Fragrance Expert Dublin
Permanent · Dublin
L'OREAL GROUP
Lancôme Make-up Artist - Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
Kiehl's Customer Representative (Kcr) Arnotts, Dublin
Permanent · Dublin
HUGO BOSS
Supervisor - Dublin Grafton Street
Permanent · Dublin
RITUALS
Counter Manager
Permanent · Cork
SANDRO IRLANDE
Sales Assistant - 15 Hours - Kildare Mixte m/f
Permanent · NEW YORK
RITUALS
Rituals Advisor
Permanent · Limerick
By
Reuters API
Published
Apr 28, 2021
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Alphabet sets profit record, plans $50 billion buyback

By
Reuters API
Published
Apr 28, 2021

Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.


Alphabet's overall quarterly sales rose 34% to $55.3 billion, above analysts' estimate of 26% growth from a year ago - Reuters


With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter.

Google ad sales jumped 32% in the first quarter compared with a year ago, above expectations of analysts tracked by Refinitiv. Cloud sales increased 45.7%, in line with estimates.
Alphabet shares rose about 4.3% to $2,390.10 in extended trading.

The results provided the first sign that Google services such as search and YouTube may hold on to gains made since lockdowns and other pandemic restrictions forced people to shop and communicate online over the last year.

About 17% of people in the United States, Alphabet's top region by revenue, were fully vaccinated against COVID-19 by the end of the first quarter. Activities including in-person dining resumed in big cities in March, and security screenings at U.S. airports had their busiest day in a year.

But Alphabet Chief Financial Officer Ruth Porat told analysts on Tuesday, "it's too early to forecast the extent to which these changes in consumer behavior and advertising spend will endure."

Google Chief Business Officer Philipp Schindler and Porat declined to comment on whether Google had seen a recovery in spending by travel and other industries that were major customers before the pandemic.

Alphabet's overall quarterly sales rose 34% to $55.3 billion, above analysts' estimate of 26% growth from a year ago and close to the $56.9 billion it reported in the fourth quarter. Revenue benefited by an unspecified amount from Google's acquisition of smartwatch maker Fitbit in January.

Alphabet's quarterly profit was $17.9 billion, or $26.29 per share, beating estimates of $15.88 per share and topping its previous-high of $15.2 billion last quarter.

But nearly $4 billion of earnings came from unrealized gains in venture capital investments and recalculating depreciation of some data center equipment.

The high sales pushed operating margins up to 30% for the first time since incorporating as Alphabet in 2015 even as its costs began to pick up again for hiring, legal matters and building out new facilities. Alphabet in 2020 suffered its slowest sales growth in 11 years but posted record profit and boosted its cash hoard by $17 billion after slowing hiring and construction.

The share repurchase authorization by Alphabet's board follows a $25 billion buyback program announced in 2019. Jefferies analyst Brent Thill estimated Alphabet now has $56 billion left to spend buying its shares.

Ad Rebound



Google's ad business, the global market leader as measured in sales, accounted for 81% of Alphabet's first-quarter revenue.

Schindler said retail, technology and consumer product companies were among big search advertisers in the quarter.

Google Cloud, a distant rival to the cloud businesses of Amazon.com Inc and Microsoft Corp, narrowed its operating loss to 44% to $974 million in the first quarter. But Porat told analysts not to glean too much from the drop because one-time factors, including the depreciation, were at play.

Shares of Alphabet, 184th among companies in the S&P 500 index, have surged 80% in the last year. Shares of top rival Facebook Inc, which had been up 62% during the last year entering Tuesday, rose 1.7% after hours.

Though several concerns about Google's long-term prospects have emerged in recent years, none have significantly affected sales.

Resolution likely remains years away in privacy and antitrust lawsuits against Google that could result in changes to its ad operations.

Discussions about changing U.S. and European laws to impose new oversight on Google, Facebook and other companies, especially regarding privacy and artificial intelligence, have lagged as legislators have been distracted by the pandemic.

Still, issues continue to emerge. On Monday, streaming TV technology company Roku Inc accused Google of engaging in anticompetitive behavior to benefit its YouTube and hardware businesses. YouTube called them "baseless claims."

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