Google parent Alphabet Inc. reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business.First-quarter sales, excluding partner payouts,

Google parent Alphabet reported first-quarter revenue and profit that beat analysts’ expectations, sending shares higher in extended trading Thursday.

Alphabet shares jumped following strong quarterly earnings, as Google Search advertising delivered better-than-expected growth. Google Cloud, its key growth driver, also saw a sharp rise in profit as demand continued to outpace capacity.