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Alphabet Exceeds Q1 Forecasts, Bolstering Investor Confidence

by News Editor

April 25, 2025

Alphabet, the parent company of Google and YouTube, surprised investors with a robust performance in the first quarter of 2025, propelling a 5% increase in share value during after-hours trading. As reported in their latest earnings report, the company achieved $90.23 billion in revenue, outpacing analyst predictions of $89.12 billion.

Key metrics that drew attention include their earnings per share, which hit $2.81 compared to the projected $2.01. Despite missing the mark on YouTube ad revenue and Google Cloud, Alphabet’s overall growth seemed unstoppable, showing a 12% year-over-year increase.

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The strategic focus remains on navigating competitive pressures from AI technologies, assisted by tools like AI Overviews, now engaging 1.5 billion users monthly. Philipp Schindler, Google’s business chief, acknowledged upcoming challenges, such as the impacts of tariff changes.

Meanwhile, Alphabet’s acquisition strategy continues to stir interest, with the $32 billion purchase of cloud security startup Wiz expected to further strengthen their cloud security services. The competitive push in AI and cloud domains signals a robust trajectory for Alphabet, promising exciting developments ahead for investors and tech enthusiasts alike.

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Cypriot Government Employment Sees Modest Growth in April

by THEFUTURE.TEAM

May 12, 2025

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state statistical service.

Employment in the civil service and the security forces decreased by 1.2 per cent and 1.1 per cent respectively, while the educational service saw an increase of 3.8 per cent.

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Civil Service and Educational Service Breakdown

In April 2025, the civil service employed 11,960 permanent staff, 4,141 employees with contracts of indefinite duration, 1,458 with contracts of definite duration, and 5,798 hourly paid workers.

Permanent employees represented the highest proportion of the civil service workforce at 51.2 per cent, while employees with contracts of definite duration made up the lowest proportion at 6.2 per cent.

In the educational service, there were 12,461 permanent employees, 947 with contracts of indefinite duration, 4,824 with contracts of definite duration, and 141 hourly paid workers.

Permanent staff formed the majority of the educational workforce at 67.8 per cent, while hourly paid workers accounted for only 0.8 per cent.

Security Forces Breakdown

Within the security forces, 8,430 were permanent employees, 4,304 held contracts of indefinite duration, 267 were on definite-duration contracts, and 759 were hourly paid workers.

Permanent employees again made up the largest group in the security forces at 61.3 per cent, with definite-duration contracts representing just 1.9 per cent.