Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)’s first quarter revenues rose 26.0% to $68.0bn, ignoring the effect of exchange rates, and this was broadly in-line with analyst expectations. The performance was driven by growth in all divisions. Operating profit rose 22.2% to $20.1bn. Q1 2022 hedge fund letters, conferences and more The core Google Services business, which includes Google Search and YouTube ads, saw revenues rise to $61.5bn from $51.2bn. Total advertising revenue rose 22.3% to $54.7bn. Google Services profit rose from $19.5bn to $22.9bn. The Cloud business saw revenue climb almost 4…