Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion (€86.13bn) in revenue, a milestone that illustrates the unwavering power of its internet empire amid legal and competitive threats.
The news of Alphabet Inc.’s accelerating growth in revenue and profit comes on the heels of a court ruling in the US Justice Department’s landmark monopoly case against Google’s dominant search engine. The case was widely seen as a mild rebuke that wouldn’t hobble the company.
Alphabet performed like a powerhouse during the July to September period, delivering a profit of nearly $35bn (€30.14bn), or $2.87 per share, a 33% increase from th
Continue Reading on Euronews
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.