Google parent Alphabet profit grows on ads and cloud

Google parent Alphabet profit grows on ads and cloud
Tuesday 25 July 2023 - 22:32

Google parent Alphabet on Tuesday reported profit that beat market forecasts as digital advertising revenue revived and its cloud business grew.

The internet giant reported a net income of $18.7 billion on revenue of $74.6 billion in the recently ended quarter.

“There’s exciting momentum across our products and the company, which drove strong results this quarter,” Alphabet chief executive Sundar Pichai said in an earnings release.

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