Alphabet surpasses expectations on earnings and revenue

Alphabet surpasses expectations on earnings and revenue

Alphabet delivered a strong earnings report Monday, beating expectations on profits and revenue. Alphabet reported $39.3 billion in revenue, against analyst forecasts of $38.9 billion, a 23 percent year-over-year growth. About 83 per cent of the revenue came from Google’s ad system. Quarterly profit was $8.95 billion compared with a $3 billion loss a year ago.

KCooper
KCooper
Top in Business
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