Alphabet posts 22% revenue growth and 81% profit jump in Q1, raises CAPEX guidance.

Alphabet, Google's parent company, reported strong Q1 results with a 22% increase in revenue and an 81% surge in profit. The company has also raised its capital expenditure (CAPEX) guidance due to the robust revenue performance and positive outlook. Despite these impressive figures, the analyst views Alphabet shares as a 'hold' at current trading levels, suggesting cautious optimism about future stock performance.