Alphabet: Q2 EPS up 31%

(CercleFinance.com) - On Tuesday evening Alphabet reported net income of over $23.
6bn for Q2 2024, i.e. EPS that is up 31% at $1.89, with an operating margin that rose three points to 32%. NB: pmt almost -4%.

The tech giant, parent company of search engine Google and YouTube platform amongst others, saw revenues rise 14% to more than $84.7bn, with increases of 11% in advertising revenues and 29% in Google Cloud revenues.

As we invest to support our strongest growth opportunities, we remain committed to building investment capacity through our work to reshape our cost base, chief investment officer Ruth Porat added.


Copyright (c) 2024 CercleFinance.com. All rights reserved.