Alphabet After-Hours Beat Follows Brent at $114, WTI near $110
Alphabet's Q1 earnings impressed investors in after-hours trading after the FTSE 100 opened lower with Brent crude at $114 and WTI near $110. Capgemini reported a 7% rise in Q1 revenue to €5.9 billion, attributing over 10% of its AI bookings to partnerships with Google and OpenAI.
1. Market Headwinds and Oil Price Impact
FTSE 100 opened lower on Thursday as Brent crude soared above $120 before settling at $114 and US WTI neared $110, reaching three-week highs. Higher energy costs weighed on market sentiment, dragging major European and Asian indices down.
2. Alphabet's Q1 Earnings Performance
Alphabet delivered stronger-than-expected Q1 results, prompting an upbeat reaction in after-hours trading. Investors took note of solid revenue growth across core advertising and cloud segments, while margin stability reassured on operational efficiency.
3. Capgemini AI Partnerships Boost Revenue
French IT services firm Capgemini reported a 7% rise in Q1 revenues to €5.9 billion, attributing over 10% of its generative AI bookings to partnerships with Google and OpenAI. Capgemini's global reach and deeper tech alliances underscored the commercial value of Alphabet's AI offerings.