Alphabet trounces profit estimates on ad sales surge

By , on
Alphabet trounces profit estimates on ad sales surge

Google mothership beats Wall Street estimates.

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:
alphabet cloud finance google

Most Read Articles

MYOB floored by AWS Sydney database outage

MYOB floored by AWS Sydney database outage
Tax crackdown on IT contractors now snares non-technology businesses

Tax crackdown on IT contractors now snares non-technology businesses
Aussie Broadband predicts long wait for affordable gigabit speeds

Aussie Broadband predicts long wait for affordable gigabit speeds
Australian bank customers caught in valuation firm data breach

Australian bank customers caught in valuation firm data breach
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Cloud, AI, infosec: Is your IT strategy keeping up?
Cloud, AI, infosec: Is your IT strategy keeping up?
Automate and secure IOT for Business
Automate and secure IOT for Business
Data Science and AI Solutions for Cybersecurity
Data Science and AI Solutions for Cybersecurity
Intro to AI for Security Professionals
Intro to AI for Security Professionals
Digital Transformation: Hope, or Hype?
Digital Transformation: Hope, or Hype?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?