SAN FRANCISCO (Bernama-Xinhua) – Alphabet Inc., Google’s parent company, reported its second-quarter revenue of USD84.74 billion, a 14 per cent increase from last year, reported Xinhua.
For the quarter ending June 30, 2024, net income was USD23.62 billion, or USD1.89 per diluted share, up from USD18.37 billion, or USD1.44 per share, in the same period of 2023.
Of the total revenue, USD73.93 billion came from Google Services, including YouTube advertising.
The company’s quarterly financial report also showed that Google Cloud sales grew to USD10.35 billion from USD8.03 billion in the same period of 2023.
“Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud. We are innovating at every layer of the AI stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and as we pursue the many opportunities ahead,” Alphabet CEO Sundar Pichai said.
“We delivered revenues of USD85 billion, up 14 per cent year on year driven by Search as well as Cloud, which for the first time exceeded USD10 billion in quarterly revenues and USD1 billion in operating profit. As we invest to support our highest growth opportunities, we remain committed to creating investment capacity with our ongoing work to durably re-engineer our cost base,” Alphabet President and Chief Investment Officer Ruth Porat said.
