Alphabet: EPS up 37% in Q3
(CercleFinance.com) - On Tuesday evening, Alphabet reported net income of $26.
3bn for Q3 2024, representing EPS up 37% to $2.12, with its operating margin improving 4.5 points to 32%.
The tech giant, parent company of search engine Google and YouTube, posted revenues that rose 15% to nearly $88.3bn (+16% at constant exchange rates), reflecting strong momentum across its businesses.
Google Services revenues grew 13%, driven by the strength of Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads, while Google Cloud revenues climbed 35%.
Our commitment to innovation, as well as our long-term focus and investment in AI, is paying off with our consumers and partners benefiting from our AI tools, CEO Sundar Pichai said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
3bn for Q3 2024, representing EPS up 37% to $2.12, with its operating margin improving 4.5 points to 32%.
The tech giant, parent company of search engine Google and YouTube, posted revenues that rose 15% to nearly $88.3bn (+16% at constant exchange rates), reflecting strong momentum across its businesses.
Google Services revenues grew 13%, driven by the strength of Google Search & other, Google subscriptions, platforms, and devices, and YouTube ads, while Google Cloud revenues climbed 35%.
Our commitment to innovation, as well as our long-term focus and investment in AI, is paying off with our consumers and partners benefiting from our AI tools, CEO Sundar Pichai said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.