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Technology

Agence France-Presse (AFP)

Cloud And AI Lift Google-parent Quarterly Profit

Google Alphabet Sundar Pichai

Alphabet share price sagged despite earnings growth, evidently due to investors not finding it as easy to assess the longterm payoff of cloud services as it is to watch ad revenue numbers. (Credit: AFP)

Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its AI-amped cloud and search ads businesses thrived.

The tech giant said its net income for the recently ended quarter was $23.6 billion on revenue that climbed 14 percent to $84.7 billion when compared to the same period a year earlier.

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