Alphabet Quarterly Earnings Lifted By Cloud And AI

Investors have been watching closely to see whether the billions of dollars Google is pouring into datacenters and artificial intelligence hosted in the cloud are paying off for the Silicon Valley tech giant (Credit: AFP)

Google parent Alphabet on Thursday reported profit of $34.5 billion in the recently ended quarter, powered by its cloud computing and artificial intelligence operations.

Overall revenue at Alphabet grew 12 percent to $90.2 billion compared to the same period a year earlier, while revenue for the cloud unit grew 28 percent to $12.3 billion, according to the tech giant.