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Alphabet: Q3 net profit up 59%

(CercleFinance.com) - On Thursday evening Alphabet unveiled Q3 net profit that is up an impressive 59% at over 11.
2 billion dollars, or 16.40 dollars per share, which is significantly above the consensus.

The tech giant, parent company of the Google search engine and YouTube, saw its operating margin rise by one point to 24%, for revenues that are up 14% at nearly 46.2 billion dollars (+15% at constant exchange rates).

"Our business, led by Search, YouTube, and Cloud, drove Alphabet revenues," said CFO Ruth Porat.


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