Alphabet trounces profit estimates on ad sales surge

By

Google mothership beats Wall Street estimates.

Alphabet trounces profit estimates on ad sales surge
Google parent Alphabet Inc reported that its profit margin rose in the second quarter, delivering investors a long-awaited sign that expenses are coming into check. Shares jumped more than 5 percent after hours. Growth in the company’s traffic acquisition costs, a key expense, decreased ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
alphabetcloudfinancial servicesgoogle

Sponsored Whitepapers

Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Protect APIs. Protect Your Business.
Protect APIs. Protect Your Business.
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt

Events

Most Read Articles

ANZ's group executive of technology Gerard Florian to retire

ANZ's group executive of technology Gerard Florian to retire
How NAB unwound Teradata's 'tentacles' to decommission it

How NAB unwound Teradata's 'tentacles' to decommission it
NAB approved to use serverless in data environment

NAB approved to use serverless in data environment
NAB brings Pete Steel into new digital, data and AI exec role

NAB brings Pete Steel into new digital, data and AI exec role
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?