Google-parent Alphabet profit soars to over $18 billion – Khaleej Times

Google’s parent company Alphabet on Tuesday beat quarterly earnings expectations, raking in $18.9 billion in profit as its online ad engine and cloud services thrived.

Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform that give it extensive global influence.

Alphabet revenue of $65.1 billion in the recently-ended quarter eclipsed the same period last year by some 41 percent, according to the tech titan.

“This quarter’s results show how our (artificial intelligence) investments are enabling us to build more helpful products for people and our partners,” said Sundar Pichai, CEO of Alphabet and Google.

“As the digital transformation and shift to hybrid work continue, our Cloud services are helping organizations collaborate,” he added.

The surge in Alphabet’s earnings comes as the tech giant faces increased scrutiny from regulators regarding its power.

Google is among internet giants in the crosshairs…

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