Alphabet: Q3 EPS up 46%
(CercleFinance.com) - On Tuesday evening, Alphabet reported net income of nearly $19.
7bn for Q3 2023, with EPS up 46% to $1.55, and an operating margin that rose by three points to 28%.
The technology giant, parent company of the search engine Google and YouTube, posted revenues that rose 11% to $76.7bn, with its Google Cloud division growing by over 22%.
Management says that the fundamental strength of its businesses was again clear in Q3 and it remains focused on judicious capital allocation to realize sustainable financial value.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
7bn for Q3 2023, with EPS up 46% to $1.55, and an operating margin that rose by three points to 28%.
The technology giant, parent company of the search engine Google and YouTube, posted revenues that rose 11% to $76.7bn, with its Google Cloud division growing by over 22%.
Management says that the fundamental strength of its businesses was again clear in Q3 and it remains focused on judicious capital allocation to realize sustainable financial value.
Copyright (c) 2023 CercleFinance.com. All rights reserved.